https://www.taxtmi.com/caselaws?id=350915 The Appellate Tribunal upheld the Ld CIT's jurisdiction under section 263 of the Income-tax Act, emphasizing the necessity of proper inquiry into expenditure matters during assessment proceedings to avoid errors that could be prejudicial to revenue interests. The decision highlighted the significance of thorough examination by tax authorities to ensure accurate assessments and compliance with tax laws. The Tribunal dismissed the appeal of the assessee, affirming the revision order passed by the Ld CIT. en-us Tue, 17 Oct 2017 00:00:00 +0530 Wed, 15 Nov 2017 09:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350915 The Appellate Tribunal upheld the Ld CIT's jurisdiction under section 263 of the Income-tax Act, emphasizing the necessity of proper inquiry into expenditure matters during assessment proceedings to avoid errors that could be prejudicial to revenue interests. The decision highlighted the significance of thorough examination by tax authorities to ensure accurate assessments and compliance with tax laws. The Tribunal dismissed the appeal of the assessee, affirming the revision order passed by the Ld CIT. Case-Laws Income Tax Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350915