https://www.taxtmi.com/caselaws?id=380591 The Tribunal upheld the CIT's decision to revise the assessment under Section 263 of the Income Tax Act, finding that the Assessing Officer (AO) had not conducted adequate inquiries and had accepted inaccurate submissions from the assessee. The Tribunal dismissed the appeals, emphasizing the importance of thorough investigations by the AO to determine the true nature of transactions and income sources. en-us Tue, 21 May 2019 00:00:00 +0530 Thu, 23 May 2019 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380591 The Tribunal upheld the CIT's decision to revise the assessment under Section 263 of the Income Tax Act, finding that the Assessing Officer (AO) had not conducted adequate inquiries and had accepted inaccurate submissions from the assessee. The Tribunal dismissed the appeals, emphasizing the importance of thorough investigations by the AO to determine the true nature of transactions and income sources. Case-Laws Income Tax Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380591