https://www.taxtmi.com/caselaws?id=187628 The Tribunal quashed the revisional order under section 263, restoring the original assessment order. The appeal was allowed, emphasizing that inadequate inquiry does not justify invoking section 263, and the Principal Commissioner must independently establish that the assessment order is erroneous and prejudicial to the interest of the Revenue. en-us Tue, 17 May 2016 00:00:00 +0530 Fri, 28 Oct 2016 18:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187628 The Tribunal quashed the revisional order under section 263, restoring the original assessment order. The appeal was allowed, emphasizing that inadequate inquiry does not justify invoking section 263, and the Principal Commissioner must independently establish that the assessment order is erroneous and prejudicial to the interest of the Revenue. Case-Laws Income Tax Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187628