https://www.taxtmi.com/caselaws?id=302024 The Tribunal upheld the revision of the assessment order under section 263 for the assessment year 2013-14, finding that the Assessing Officer's failure to include financials of the Bhilai unit in audited statements led to an erroneous and prejudicial assessment. The Principal Commissioner of Income Tax justified the revision due to inadequate enquiry by the AO. The Tribunal dismissed the assessee's appeal, emphasizing the importance of proper enquiries and compliance with legal requirements to avoid erroneous assessments impacting revenue interests. en-us Mon, 20 Apr 2020 00:00:00 +0530 Sat, 30 Apr 2022 20:32:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302024 The Tribunal upheld the revision of the assessment order under section 263 for the assessment year 2013-14, finding that the Assessing Officer's failure to include financials of the Bhilai unit in audited statements led to an erroneous and prejudicial assessment. The Principal Commissioner of Income Tax justified the revision due to inadequate enquiry by the AO. The Tribunal dismissed the assessee's appeal, emphasizing the importance of proper enquiries and compliance with legal requirements to avoid erroneous assessments impacting revenue interests. Case-Laws Income Tax Mon, 20 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302024