https://www.taxtmi.com/caselaws?id=271464 The Tribunal upheld the CIT's order under Section 263, directing the AO to reassess the income after making necessary inquiries and verifications regarding the provisions for warranty, liquidated damages, sales tax, and excise duty. The Tribunal also dismissed the appeal filed directly before it against the order passed under Section 143(3) read with Section 263, advising the assessee to approach the CIT(A) for adjudication on merits. en-us Mon, 01 Feb 2016 00:00:00 +0530 Sat, 30 Apr 2016 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271464 The Tribunal upheld the CIT's order under Section 263, directing the AO to reassess the income after making necessary inquiries and verifications regarding the provisions for warranty, liquidated damages, sales tax, and excise duty. The Tribunal also dismissed the appeal filed directly before it against the order passed under Section 143(3) read with Section 263, advising the assessee to approach the CIT(A) for adjudication on merits. Case-Laws Income Tax Mon, 01 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271464