https://www.taxtmi.com/caselaws?id=326347 The appeal was allowed as the Court held that the order passed under section 263 was unsustainable due to the lack of necessary inquiries conducted by the Commissioner before modifying the assessment. The Court emphasized the importance of conducting inquiries before unsettling settled assessments and highlighted that the Commissioner cannot reexamine issues already examined by the Assessing Officer. The judgment referenced the introduction of Explanation (2) to section 263, emphasizing the need for inquiries or verifications to be made by the Assessing Officer before passing such orders. en-us Thu, 10 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 10:03:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326347 The appeal was allowed as the Court held that the order passed under section 263 was unsustainable due to the lack of necessary inquiries conducted by the Commissioner before modifying the assessment. The Court emphasized the importance of conducting inquiries before unsettling settled assessments and highlighted that the Commissioner cannot reexamine issues already examined by the Assessing Officer. The judgment referenced the introduction of Explanation (2) to section 263, emphasizing the need for inquiries or verifications to be made by the Assessing Officer before passing such orders. Case-Laws Income Tax Thu, 10 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326347