https://www.taxtmi.com/caselaws?id=192907 The Tribunal allowed the appeal of the assessee, setting aside the ld. CIT's order under section 263 and reinstating the original assessment order passed by the Assessing Officer. The Tribunal found that the ld. CIT failed to provide detailed reasoning and specific findings on the errors in the assessment order, thus not justifying the revision under section 263 of the Income Tax Act, 1961. Proper justification and detailed findings were deemed essential for revision orders under section 263. en-us Wed, 15 Jun 2016 00:00:00 +0530 Sat, 01 Jul 2017 18:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192907 The Tribunal allowed the appeal of the assessee, setting aside the ld. CIT's order under section 263 and reinstating the original assessment order passed by the Assessing Officer. The Tribunal found that the ld. CIT failed to provide detailed reasoning and specific findings on the errors in the assessment order, thus not justifying the revision under section 263 of the Income Tax Act, 1961. Proper justification and detailed findings were deemed essential for revision orders under section 263. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192907