https://www.taxtmi.com/caselaws?id=361398 The Tribunal partially or fully allowed the appeals on various issues, emphasizing the requirement for corroborative evidence to support additions and the significance of proper enquiry by the AO. The Tribunal highlighted the limitations of the CIT's powers under section 263, quashing the revision of assessment orders due to lack of new material and emphasizing that loss of revenue alone does not justify revision. en-us Thu, 31 May 2018 00:00:00 +0530 Wed, 06 Jun 2018 19:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361398 The Tribunal partially or fully allowed the appeals on various issues, emphasizing the requirement for corroborative evidence to support additions and the significance of proper enquiry by the AO. The Tribunal highlighted the limitations of the CIT's powers under section 263, quashing the revision of assessment orders due to lack of new material and emphasizing that loss of revenue alone does not justify revision. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361398