https://www.taxtmi.com/caselaws?id=386772 The Tribunal quashed the orders passed by the Pr. Commissioner of Income Tax under Section 263 for both assessment years 2013-14 and 2014-15, allowing the appeals of the assessee. The Tribunal found that the AO had conducted the necessary enquiries, and the assessment orders were neither erroneous nor prejudicial to the interest of the Revenue. The Tribunal emphasized that the Pr. Commissioner of Income Tax could not assume revisionary jurisdiction under Section 263 merely based on a difference of opinion or insufficient enquiry. en-us Fri, 04 Oct 2019 00:00:00 +0530 Mon, 07 Oct 2019 22:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386772 The Tribunal quashed the orders passed by the Pr. Commissioner of Income Tax under Section 263 for both assessment years 2013-14 and 2014-15, allowing the appeals of the assessee. The Tribunal found that the AO had conducted the necessary enquiries, and the assessment orders were neither erroneous nor prejudicial to the interest of the Revenue. The Tribunal emphasized that the Pr. Commissioner of Income Tax could not assume revisionary jurisdiction under Section 263 merely based on a difference of opinion or insufficient enquiry. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386772