https://www.taxtmi.com/caselaws?id=337235 The Tribunal quashed the revisionary proceedings under Section 263, finding the assessment order not erroneous or prejudicial to Revenue interests. The appeals of the assessee were allowed regarding the computation of deductions under Section 10A and the admissibility of loss on disposal of investments. The Tribunal emphasized the distinction between lack of inquiry and inadequate inquiry by the Assessing Officer, ultimately ruling in favor of the assessee on all contested issues. en-us Wed, 28 Dec 2016 00:00:00 +0530 Tue, 03 Jan 2017 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337235 The Tribunal quashed the revisionary proceedings under Section 263, finding the assessment order not erroneous or prejudicial to Revenue interests. The appeals of the assessee were allowed regarding the computation of deductions under Section 10A and the admissibility of loss on disposal of investments. The Tribunal emphasized the distinction between lack of inquiry and inadequate inquiry by the Assessing Officer, ultimately ruling in favor of the assessee on all contested issues. Case-Laws Income Tax Wed, 28 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337235