https://www.taxtmi.com/caselaws?id=197212 The Tribunal set aside the Commissioner of Income Tax's order under section 263, holding that the Assessing Officer had conducted proper inquiries and accepted the assessee's claim after due consideration. The Tribunal emphasized that a mere change of opinion or inadequate inquiry does not justify the exercise of revisional jurisdiction by the Commissioner. Consequently, the appeal was allowed, and the impugned order under section 263 was quashed. en-us Thu, 16 Dec 2010 00:00:00 +0530 Sat, 30 Dec 2017 14:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197212 The Tribunal set aside the Commissioner of Income Tax's order under section 263, holding that the Assessing Officer had conducted proper inquiries and accepted the assessee's claim after due consideration. The Tribunal emphasized that a mere change of opinion or inadequate inquiry does not justify the exercise of revisional jurisdiction by the Commissioner. Consequently, the appeal was allowed, and the impugned order under section 263 was quashed. Case-Laws Income Tax Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197212