https://www.taxtmi.com/caselaws?id=253877 The appellate tribunal upheld the Commissioner of Income Tax's order, confirming the original assessment as erroneous and prejudicial to the revenue's interest. The tribunal dismissed the assessee's appeal, emphasizing the lack of proper inquiry by the Assessing Officer and the validity of the Commissioner's revision under Section 263. The tribunal found that the Commissioner provided a reasonable opportunity for being heard and passed the order within the prescribed time limit. The appeal was dismissed, and the Commissioner's order was confirmed. en-us Fri, 21 Nov 2014 00:00:00 +0530 Sat, 06 Dec 2014 06:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253877 The appellate tribunal upheld the Commissioner of Income Tax's order, confirming the original assessment as erroneous and prejudicial to the revenue's interest. The tribunal dismissed the assessee's appeal, emphasizing the lack of proper inquiry by the Assessing Officer and the validity of the Commissioner's revision under Section 263. The tribunal found that the Commissioner provided a reasonable opportunity for being heard and passed the order within the prescribed time limit. The appeal was dismissed, and the Commissioner's order was confirmed. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253877