https://www.taxtmi.com/caselaws?id=346170 The Tribunal set aside the CIT's order under section 263 of the Income Tax Act, 1961, emphasizing the importance of proper enquiries and rejecting the CIT's findings of inadequate investigation by the Assessing Officer. The appellant argued that the original assessment was conducted after proper verification and application of mind, and the reliance on certain case laws by the CIT was misplaced. The Tribunal highlighted the adequacy of enquiries conducted during the original assessment, supporting the appellant's position that even if the enquiries were inadequate, it did not warrant the CIT's intervention under section 263. en-us Wed, 04 Jan 2017 00:00:00 +0530 Sat, 05 Aug 2017 07:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346170 The Tribunal set aside the CIT's order under section 263 of the Income Tax Act, 1961, emphasizing the importance of proper enquiries and rejecting the CIT's findings of inadequate investigation by the Assessing Officer. The appellant argued that the original assessment was conducted after proper verification and application of mind, and the reliance on certain case laws by the CIT was misplaced. The Tribunal highlighted the adequacy of enquiries conducted during the original assessment, supporting the appellant's position that even if the enquiries were inadequate, it did not warrant the CIT's intervention under section 263. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346170