https://www.taxtmi.com/caselaws?id=296518 Revision under section 263 was sustained because the assessment record did not show proper inquiry into the provision for interest on fixed deposits and the provision for election or general body expenditure, and the assessee failed to produce material to show that these claims had been examined in the original assessment. The ex parte appellate order was also set aside because only one hearing had been afforded and there was no effective representation, so the matter was restored for fresh consideration after giving proper opportunity. The note therefore reflects that inadequate inquiry can justify revisional interference, while breach of natural justice can require remand. en-us Fri, 01 Mar 2019 00:00:00 +0530 Mon, 26 Jul 2021 09:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296518 Revision under section 263 was sustained because the assessment record did not show proper inquiry into the provision for interest on fixed deposits and the provision for election or general body expenditure, and the assessee failed to produce material to show that these claims had been examined in the original assessment. The ex parte appellate order was also set aside because only one hearing had been afforded and there was no effective representation, so the matter was restored for fresh consideration after giving proper opportunity. The note therefore reflects that inadequate inquiry can justify revisional interference, while breach of natural justice can require remand. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296518