https://www.taxtmi.com/caselaws?id=290622 The Tribunal upheld the Principal Commissioner of Income Tax's order under section 263, directing the Assessing Officer to reframe the assessment after conducting a proper inquiry. The appeal of the assessee was dismissed, affirming the initiation of revision proceedings as justified and within the legal framework. The Tribunal highlighted the necessity for thorough inquiries by the Assessing Officer and the authority of the Principal Commissioner of Income Tax to intervene when the assessment is deemed inadequate. en-us Tue, 17 Mar 2020 00:00:00 +0530 Wed, 07 Oct 2020 10:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290622 The Tribunal upheld the Principal Commissioner of Income Tax's order under section 263, directing the Assessing Officer to reframe the assessment after conducting a proper inquiry. The appeal of the assessee was dismissed, affirming the initiation of revision proceedings as justified and within the legal framework. The Tribunal highlighted the necessity for thorough inquiries by the Assessing Officer and the authority of the Principal Commissioner of Income Tax to intervene when the assessment is deemed inadequate. Case-Laws Income Tax Tue, 17 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290622