https://www.taxtmi.com/caselaws?id=350796 The Tribunal set aside the Commissioner's order invoking revisionary jurisdiction under Section 263 of the Income Tax Act, 1961, and restored the assessment order dated 28.02.2014 concerning the provision for slow-moving inventories. The Tribunal found the Commissioner's objection to the provision baseless and lacking merit, emphasizing the failure to provide the assessee with a proper opportunity to contest the grounds for revision. The appeal was allowed, and the original assessment order was upheld, with the decision pronounced on 10th November 2017. en-us Fri, 10 Nov 2017 00:00:00 +0530 Mon, 13 Nov 2017 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350796 The Tribunal set aside the Commissioner's order invoking revisionary jurisdiction under Section 263 of the Income Tax Act, 1961, and restored the assessment order dated 28.02.2014 concerning the provision for slow-moving inventories. The Tribunal found the Commissioner's objection to the provision baseless and lacking merit, emphasizing the failure to provide the assessee with a proper opportunity to contest the grounds for revision. The appeal was allowed, and the original assessment order was upheld, with the decision pronounced on 10th November 2017. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350796