https://www.taxtmi.com/caselaws?id=423845 The Tribunal upheld the order of revision by the Principal Commissioner of Income Tax-1 under section 263, finding the assessment order erroneous and prejudicial to revenue due to lack of necessary inquiries by the Assessing Officer. The appeal filed by the assessee challenging the revision order was dismissed, affirming the need for proper verification and inquiry in assessment processes to avoid errors detrimental to revenue. en-us Mon, 06 Jun 2022 00:00:00 +0530 Thu, 16 Jun 2022 09:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423845 The Tribunal upheld the order of revision by the Principal Commissioner of Income Tax-1 under section 263, finding the assessment order erroneous and prejudicial to revenue due to lack of necessary inquiries by the Assessing Officer. The appeal filed by the assessee challenging the revision order was dismissed, affirming the need for proper verification and inquiry in assessment processes to avoid errors detrimental to revenue. Case-Laws Income Tax Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423845