https://www.taxtmi.com/caselaws?id=386087 The appeal challenging the Pr. CIT's revisional order under section 263 of the Act was dismissed by the Tribunal. The Pr. CIT's direction for denovo assessment on interest earned on short term fixed deposits was upheld, citing lack of enquiry by the Assessing Officer and failure to tax the interest as income. The Tribunal found the revisional order appropriate, considering the Tribunal's previous and subsequent orders, leaving the final decision on the issue to the CIT(A). en-us Mon, 05 Aug 2019 00:00:00 +0530 Sat, 21 Sep 2019 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386087 The appeal challenging the Pr. CIT's revisional order under section 263 of the Act was dismissed by the Tribunal. The Pr. CIT's direction for denovo assessment on interest earned on short term fixed deposits was upheld, citing lack of enquiry by the Assessing Officer and failure to tax the interest as income. The Tribunal found the revisional order appropriate, considering the Tribunal's previous and subsequent orders, leaving the final decision on the issue to the CIT(A). Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386087