https://www.taxtmi.com/caselaws?id=259939 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263. It held that although there was an inquiry by the Assessing Officer, it was considered inadequate. Relying on legal precedents, the Tribunal found the Commissioner had wrongly exercised powers under section 263 as all necessary details were provided during assessment. The decision aligned with established legal principles, emphasizing the lack of jurisdiction for revision in such cases. en-us Wed, 20 May 2015 00:00:00 +0530 Wed, 27 May 2015 06:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259939 The Tribunal allowed the appeal, setting aside the Commissioner's order under section 263. It held that although there was an inquiry by the Assessing Officer, it was considered inadequate. Relying on legal precedents, the Tribunal found the Commissioner had wrongly exercised powers under section 263 as all necessary details were provided during assessment. The decision aligned with established legal principles, emphasizing the lack of jurisdiction for revision in such cases. Case-Laws Income Tax Wed, 20 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259939