https://www.taxtmi.com/caselaws?id=339485 The Tribunal upheld the Commissioner of Income Tax's order under section 263, finding the Assessing Officer's assessment erroneous and prejudicial to revenue due to insufficient inquiry. The appeal by the assessee was dismissed, affirming the jurisdiction under section 263. The Tribunal stressed the necessity for a comprehensive examination by the AO to ensure a rational conclusion, emphasizing that superficial inquiries are inadequate. en-us Mon, 20 Feb 2017 00:00:00 +0530 Fri, 24 Feb 2017 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339485 The Tribunal upheld the Commissioner of Income Tax's order under section 263, finding the Assessing Officer's assessment erroneous and prejudicial to revenue due to insufficient inquiry. The appeal by the assessee was dismissed, affirming the jurisdiction under section 263. The Tribunal stressed the necessity for a comprehensive examination by the AO to ensure a rational conclusion, emphasizing that superficial inquiries are inadequate. Case-Laws Income Tax Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339485