https://www.taxtmi.com/caselaws?id=246247 The High Court held that the Commissioner erred in invoking Section 263 of the Income Tax Act. The Court found that the AO's order was made after appropriate inquiry, and the absence of specific discussion on the downward revision of sales did not render the order erroneous. The Court set aside the Commissioner's and ITAT's orders, restoring the AO's original order in favor of the assessee, NTPC. en-us Wed, 16 Apr 2014 00:00:00 +0530 Sat, 19 Apr 2014 11:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246247 The High Court held that the Commissioner erred in invoking Section 263 of the Income Tax Act. The Court found that the AO's order was made after appropriate inquiry, and the absence of specific discussion on the downward revision of sales did not render the order erroneous. The Court set aside the Commissioner's and ITAT's orders, restoring the AO's original order in favor of the assessee, NTPC. Case-Laws Income Tax Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246247