https://www.taxtmi.com/caselaws?id=267617 The Tribunal reversed the CIT's decision to revise the reassessment order, holding that the reassessment proceedings were valid, the additions under section 68 were based on proper inquiries, and the CIT's invocation of section 263 was not justified as the Assessing Officer had conducted adequate inquiries. The Tribunal concluded that the Assessing Officer had made specific inquiries and the reassessment order included detailed discussions, leading to the allowance of the assessee's appeal on 30-09-2015. en-us Wed, 30 Sep 2015 00:00:00 +0530 Sat, 07 Nov 2015 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267617 The Tribunal reversed the CIT's decision to revise the reassessment order, holding that the reassessment proceedings were valid, the additions under section 68 were based on proper inquiries, and the CIT's invocation of section 263 was not justified as the Assessing Officer had conducted adequate inquiries. The Tribunal concluded that the Assessing Officer had made specific inquiries and the reassessment order included detailed discussions, leading to the allowance of the assessee's appeal on 30-09-2015. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267617