https://www.taxtmi.com/caselaws?id=246091 The Tribunal set aside the Commissioner of Income Tax's order under Section 263, ruling that the Assessing Officer had conducted sufficient inquiries during the assessment. The Commissioner's reliance on the AO's proposal was deemed impermissible. The AO adequately verified the bank entries and property improvement costs, with no evidence of errors or revenue prejudice. The appeal by the assessee was successful. en-us Fri, 31 Jan 2014 00:00:00 +0530 Tue, 15 Apr 2014 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246091 The Tribunal set aside the Commissioner of Income Tax's order under Section 263, ruling that the Assessing Officer had conducted sufficient inquiries during the assessment. The Commissioner's reliance on the AO's proposal was deemed impermissible. The AO adequately verified the bank entries and property improvement costs, with no evidence of errors or revenue prejudice. The appeal by the assessee was successful. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246091