https://www.taxtmi.com/caselaws?id=171627 The Tribunal upheld the CIT's decision to set aside the assessment order under section 263 of the Income Tax Act for the Assessment Year 2005-06, emphasizing the need for a proper inquiry by the Assessing Officer to avoid errors prejudicial to revenue. The appeal by the assessee was dismissed, with the Tribunal stressing the importance of thorough examination and compliance with relevant provisions of the Income Tax Act, particularly in cases where there is a lack of inquiry by the Assessing Officer. en-us Fri, 30 Mar 2012 00:00:00 +0530 Thu, 06 Jul 2017 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171627 The Tribunal upheld the CIT's decision to set aside the assessment order under section 263 of the Income Tax Act for the Assessment Year 2005-06, emphasizing the need for a proper inquiry by the Assessing Officer to avoid errors prejudicial to revenue. The appeal by the assessee was dismissed, with the Tribunal stressing the importance of thorough examination and compliance with relevant provisions of the Income Tax Act, particularly in cases where there is a lack of inquiry by the Assessing Officer. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171627