https://www.taxtmi.com/caselaws?id=177044 The Tribunal set aside the CIT's order under Section 263 of the IT Act, ruling that the CIT did not independently assess the case but relied on the ITO's proposal. As the CIT failed to form his own satisfaction before invoking Section 263, the notice was deemed void ab initio. The Tribunal emphasized the necessity for the CIT to examine records personally. Consequently, the appeal of the assessee was allowed. en-us Fri, 28 Feb 2014 00:00:00 +0530 Sat, 02 Jan 2016 10:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177044 The Tribunal set aside the CIT's order under Section 263 of the IT Act, ruling that the CIT did not independently assess the case but relied on the ITO's proposal. As the CIT failed to form his own satisfaction before invoking Section 263, the notice was deemed void ab initio. The Tribunal emphasized the necessity for the CIT to examine records personally. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177044