https://www.taxtmi.com/highlights?id=61272 Revision u/s 263 by CIT - The Explanation–2 to section 263 of the Act can be invoked only when no enquiries or verification is carried on otherwise it cannot be invoked. In the given case, the Assessing Officer has carried on the enquiries and verification to his satisfaction which may not be to the satisfaction to the ld. Pr. CIT. Therefore, assumption of jurisdiction fails. - AT en-us Tue, 04 Jan 2022 10:45:20 +0530 Tue, 04 Jan 2022 10:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61272 Revision u/s 263 by CIT - The Explanation–2 to section 263 of the Act can be invoked only when no enquiries or verification is carried on otherwise it cannot be invoked. In the given case, the Assessing Officer has carried on the enquiries and verification to his satisfaction which may not be to the satisfaction to the ld. Pr. CIT. Therefore, assumption of jurisdiction fails. - AT Highlights Income Tax Tue, 04 Jan 2022 10:45:20 +0530 https://www.taxtmi.com/highlights?id=61272