https://www.taxtmi.com/caselaws?id=18558 HC held the AO's acceptance of registered sale deeds without proper enquiry made the assessment erroneous and prejudicial to Revenue; the Commissioner validly invoked s.263. The court ruled the Explanation to s.263(1), introduced effective June 1, 1988, is to be read as applicable to earlier periods (clause (b) deeming records always to have included existing material), so the Commissioner could rely on materials gathered when issuing the s.263 notice. The Tribunal's order upholding the Commissioner was affirmed and the appeals were dismissed against the assessee. en-us Tue, 19 Sep 1995 00:00:00 +0530 Wed, 15 Oct 2025 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18558 HC held the AO's acceptance of registered sale deeds without proper enquiry made the assessment erroneous and prejudicial to Revenue; the Commissioner validly invoked s.263. The court ruled the Explanation to s.263(1), introduced effective June 1, 1988, is to be read as applicable to earlier periods (clause (b) deeming records always to have included existing material), so the Commissioner could rely on materials gathered when issuing the s.263 notice. The Tribunal's order upholding the Commissioner was affirmed and the appeals were dismissed against the assessee. Case-Laws Income Tax Tue, 19 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18558