https://www.taxtmi.com/caselaws?id=261908 The judgment set aside the Commissioner's order under Section 263, allowing the appeal against the decision to revise the assessment. It concluded that the CIT failed to establish grounds for invoking Section 263, noting the AO's diligence in assessing the issues. The judgment favored the assessee, emphasizing the importance of thorough examination by the assessing authority before revising assessments. en-us Wed, 22 Jul 2015 00:00:00 +0530 Mon, 27 Jul 2015 08:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261908 The judgment set aside the Commissioner's order under Section 263, allowing the appeal against the decision to revise the assessment. It concluded that the CIT failed to establish grounds for invoking Section 263, noting the AO's diligence in assessing the issues. The judgment favored the assessee, emphasizing the importance of thorough examination by the assessing authority before revising assessments. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261908