https://www.taxtmi.com/caselaws?id=338801 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the assessment order erroneous and prejudicial to the Revenue's interest due to the Assessing Officer's lack of proper inquiry. The appeal was dismissed, and directions for further inquiries into financial charges, unsecured loans, sundry creditors, and TDS provisions were deemed justified. The decision was pronounced on 18th November 2016. en-us Fri, 18 Nov 2016 00:00:00 +0530 Thu, 09 Feb 2017 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338801 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the assessment order erroneous and prejudicial to the Revenue's interest due to the Assessing Officer's lack of proper inquiry. The appeal was dismissed, and directions for further inquiries into financial charges, unsecured loans, sundry creditors, and TDS provisions were deemed justified. The decision was pronounced on 18th November 2016. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338801