https://www.taxtmi.com/caselaws?id=421836 The Tribunal allowed the appeal of the assessee, quashing the revisionary order passed by the CIT(E) under Section 263 of the Income Tax Act. The Tribunal found that the CIT(E) did not properly consider the assessee's reply and based the order on incorrect facts. It concluded that the Assessing Officer had conducted sufficient enquiries during the assessment proceedings, rendering the CIT(E)'s order unsustainable. As a result, the revisionary order and all consequential proceedings were annulled. en-us Thu, 07 Apr 2022 00:00:00 +0530 Tue, 03 May 2022 08:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421836 The Tribunal allowed the appeal of the assessee, quashing the revisionary order passed by the CIT(E) under Section 263 of the Income Tax Act. The Tribunal found that the CIT(E) did not properly consider the assessee's reply and based the order on incorrect facts. It concluded that the Assessing Officer had conducted sufficient enquiries during the assessment proceedings, rendering the CIT(E)'s order unsustainable. As a result, the revisionary order and all consequential proceedings were annulled. Case-Laws Income Tax Thu, 07 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421836