https://www.taxtmi.com/caselaws?id=332892 The Tribunal upheld the Commissioner of Income Tax's order under section 263, dismissing the appeal by the assessee. It was concluded that the Assessing Officer failed to conduct adequate enquiries, justifying the revision of the assessment order. The Tribunal also condoned the delay in filing the appeal, emphasizing the importance of substantive justice. The assessee was granted the opportunity to present its claims during the reassessment proceedings. en-us Fri, 12 Aug 2016 00:00:00 +0530 Tue, 27 Sep 2016 22:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332892 The Tribunal upheld the Commissioner of Income Tax's order under section 263, dismissing the appeal by the assessee. It was concluded that the Assessing Officer failed to conduct adequate enquiries, justifying the revision of the assessment order. The Tribunal also condoned the delay in filing the appeal, emphasizing the importance of substantive justice. The assessee was granted the opportunity to present its claims during the reassessment proceedings. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332892