https://www.taxtmi.com/caselaws?id=421646 The Tribunal upheld the Commissioner of Income Tax's order under section 263, determining that the Assessing Officer's failure to verify transactions with M/s. Religare Securities Ltd. and consider information from the Investigation Wing made the assessment order erroneous and prejudicial to revenue. The appeals were dismissed, emphasizing that jurisdiction and incriminating material issues should be pursued through proper legal avenues rather than revision proceedings under section 263. en-us Fri, 22 Apr 2022 00:00:00 +0530 Fri, 29 Apr 2022 08:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421646 The Tribunal upheld the Commissioner of Income Tax's order under section 263, determining that the Assessing Officer's failure to verify transactions with M/s. Religare Securities Ltd. and consider information from the Investigation Wing made the assessment order erroneous and prejudicial to revenue. The appeals were dismissed, emphasizing that jurisdiction and incriminating material issues should be pursued through proper legal avenues rather than revision proceedings under section 263. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421646