https://www.taxtmi.com/caselaws?id=388268 The ITAT partially allowed the assessee's appeal, emphasizing the importance of proper inquiry and correct application of law in tax assessments. The judgment highlighted the need for Assessing Officers to conduct detailed inquiries and apply legal provisions accurately to avoid erroneous assessments. The decision also clarified the jurisdiction of the CIT under section 263 and the principles guiding such actions. en-us Thu, 07 Nov 2019 00:00:00 +0530 Tue, 12 Nov 2019 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388268 The ITAT partially allowed the assessee's appeal, emphasizing the importance of proper inquiry and correct application of law in tax assessments. The judgment highlighted the need for Assessing Officers to conduct detailed inquiries and apply legal provisions accurately to avoid erroneous assessments. The decision also clarified the jurisdiction of the CIT under section 263 and the principles guiding such actions. Case-Laws Income Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388268