https://www.taxtmi.com/caselaws?id=327982 The Tribunal upheld the Commissioner's decision to invoke revisional jurisdiction under section 263 of the Income Tax Act, dismissing the assessee's appeal. The Tribunal found errors in the assessment order, including inadequate inquiry and discrepancies, deeming it both erroneous and prejudicial to the interest of Revenue. The Tribunal supported the need for fair re-examination of specific issues to prevent revenue leakage, emphasizing the importance of addressing errors in the assessment process to uphold revenue integrity. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 24 May 2016 10:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327982 The Tribunal upheld the Commissioner's decision to invoke revisional jurisdiction under section 263 of the Income Tax Act, dismissing the assessee's appeal. The Tribunal found errors in the assessment order, including inadequate inquiry and discrepancies, deeming it both erroneous and prejudicial to the interest of Revenue. The Tribunal supported the need for fair re-examination of specific issues to prevent revenue leakage, emphasizing the importance of addressing errors in the assessment process to uphold revenue integrity. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327982