https://www.taxtmi.com/caselaws?id=366249 Section 263 revision cannot be used where the Assessing Officer had already raised queries and the assessee furnished details on investments, own funds, and the applicability of section 14A and Rule 8D; if one permissible view was taken after enquiry, the order is not revisable merely because it lacks elaborate discussion or a deeper enquiry is preferred. On that issue, the revision was unjustified and the assessment was restored for the assessee. The interest component on refund was accepted by the assessee and the revisional finding on that point was sustained, resulting in only partial relief. en-us Wed, 29 Aug 2018 00:00:00 +0530 Fri, 31 Aug 2018 08:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366249 Section 263 revision cannot be used where the Assessing Officer had already raised queries and the assessee furnished details on investments, own funds, and the applicability of section 14A and Rule 8D; if one permissible view was taken after enquiry, the order is not revisable merely because it lacks elaborate discussion or a deeper enquiry is preferred. On that issue, the revision was unjustified and the assessment was restored for the assessee. The interest component on refund was accepted by the assessee and the revisional finding on that point was sustained, resulting in only partial relief. Case-Laws Income Tax Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366249