https://www.taxtmi.com/caselaws?id=25132 HC held that the Tribunal rightly reversed the Commissioner's order under section 263 and restored the Income-tax Officer's assessment. The Tribunal found the assessee had furnished all requisite information and the ITO, after considering the facts, made proper enquiries rather than completing the assessment in undue haste. Consequently the Commissioner had not shown the assessment was erroneous or prejudicial to Revenue. The court affirmed the Tribunal's findings and decided the reference in favour of the assessee. en-us Mon, 17 Aug 1987 00:00:00 +0530 Wed, 29 Oct 2025 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25132 HC held that the Tribunal rightly reversed the Commissioner's order under section 263 and restored the Income-tax Officer's assessment. The Tribunal found the assessee had furnished all requisite information and the ITO, after considering the facts, made proper enquiries rather than completing the assessment in undue haste. Consequently the Commissioner had not shown the assessment was erroneous or prejudicial to Revenue. The court affirmed the Tribunal's findings and decided the reference in favour of the assessee. Case-Laws Income Tax Mon, 17 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25132