https://www.taxtmi.com/caselaws?id=333408 The tribunal upheld the Commissioner's decision under section 263 of the Income Tax Act, 1961, finding the original assessment order erroneous and prejudicial to revenue due to inadequate scrutiny. The tribunal emphasized the duty of the Assessing Officer to conduct thorough inquiries, citing legal precedents. The decision to set aside the assessment order and direct a fresh assessment was deemed justified, leading to the dismissal of the appellant's appeal. en-us Wed, 24 Aug 2016 00:00:00 +0530 Thu, 13 Oct 2016 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333408 The tribunal upheld the Commissioner's decision under section 263 of the Income Tax Act, 1961, finding the original assessment order erroneous and prejudicial to revenue due to inadequate scrutiny. The tribunal emphasized the duty of the Assessing Officer to conduct thorough inquiries, citing legal precedents. The decision to set aside the assessment order and direct a fresh assessment was deemed justified, leading to the dismissal of the appellant's appeal. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333408