https://www.taxtmi.com/caselaws?id=288938 The Tribunal allowed the appeal, setting aside the Commissioner of Income Tax's order under Section 263. The CIT's invocation of revisionary powers was deemed unjustified as it relied on the AO's proposal without independent assessment. The Tribunal found the CIT's directions were a re-evaluation of existing facts, not permissible under Section 263. It emphasized the importance of considering all objections and case laws cited by the assessee for a fair decision. en-us Fri, 19 Feb 2016 00:00:00 +0530 Tue, 07 Jul 2020 11:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288938 The Tribunal allowed the appeal, setting aside the Commissioner of Income Tax's order under Section 263. The CIT's invocation of revisionary powers was deemed unjustified as it relied on the AO's proposal without independent assessment. The Tribunal found the CIT's directions were a re-evaluation of existing facts, not permissible under Section 263. It emphasized the importance of considering all objections and case laws cited by the assessee for a fair decision. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288938