https://www.taxtmi.com/caselaws?id=264073 The Tribunal upheld the Commissioner of Income Tax's order under section 263, directing a fresh assessment. The appeal challenging the original assessment for the assessment year 2009-10 was dismissed. The Tribunal found the original assessment order erroneous and prejudicial to Revenue's interests due to inadequate examination by the Assessing Officer. The decision was based on discrepancies in the assessment process, lack of proper investigation, and failure to apply legal principles correctly. The Tribunal's ruling emphasized the importance of conducting thorough inquiries and ensuring proper application of mind in assessments. en-us Wed, 19 Aug 2015 00:00:00 +0530 Thu, 17 Sep 2015 08:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264073 The Tribunal upheld the Commissioner of Income Tax's order under section 263, directing a fresh assessment. The appeal challenging the original assessment for the assessment year 2009-10 was dismissed. The Tribunal found the original assessment order erroneous and prejudicial to Revenue's interests due to inadequate examination by the Assessing Officer. The decision was based on discrepancies in the assessment process, lack of proper investigation, and failure to apply legal principles correctly. The Tribunal's ruling emphasized the importance of conducting thorough inquiries and ensuring proper application of mind in assessments. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264073