https://www.taxtmi.com/caselaws?id=333667 The Tribunal found that the Assessing Officer had conducted a thorough inquiry, and the assessment order was not erroneous or prejudicial to the Revenue. The invocation of revisional powers under Section 263 by the CIT was deemed unjustified, leading to the quashing of the order. Consequently, the appeal of the assessee was allowed. en-us Mon, 29 Aug 2016 00:00:00 +0530 Thu, 20 Oct 2016 19:09:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333667 The Tribunal found that the Assessing Officer had conducted a thorough inquiry, and the assessment order was not erroneous or prejudicial to the Revenue. The invocation of revisional powers under Section 263 by the CIT was deemed unjustified, leading to the quashing of the order. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Mon, 29 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333667