https://www.taxtmi.com/caselaws?id=420723 The Tribunal allowed the appeal of the assessee, setting aside the Revisional Authority's order dated 26.03.2019 under Section 263 of the Income Tax Act, 1961. The Tribunal found that the Revisional Authority's decision lacked proper groundwork and failed to indicate a clear path for further inquiry, rendering the impugned order unsustainable. The Tribunal emphasized the necessity of a minimal inquiry to establish the AO's order as erroneous and prejudicial to revenue, which was not met in this case. en-us Fri, 25 Mar 2022 00:00:00 +0530 Fri, 08 Apr 2022 08:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420723 The Tribunal allowed the appeal of the assessee, setting aside the Revisional Authority's order dated 26.03.2019 under Section 263 of the Income Tax Act, 1961. The Tribunal found that the Revisional Authority's decision lacked proper groundwork and failed to indicate a clear path for further inquiry, rendering the impugned order unsustainable. The Tribunal emphasized the necessity of a minimal inquiry to establish the AO's order as erroneous and prejudicial to revenue, which was not met in this case. Case-Laws Income Tax Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420723