https://www.taxtmi.com/highlights?id=64533 Revision u/s 263 by CIT - an order which is prejudicial to the interests of the revenue - As far as adequacy of inquiry is considered, there is no law which provides the extent of inquiries to be made by the Assessing Officer. It is Assessing Officer’s prerogative to make inquiry to the extent he feels proper. The Commissioner of Income Tax by invoking revisionary powers under section 263 of the Act cannot impose his own understanding of the extent of inquiry. - AT en-us Sat, 09 Jul 2022 08:02:27 +0530 Fri, 08 Jul 2022 20:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64533 Revision u/s 263 by CIT - an order which is prejudicial to the interests of the revenue - As far as adequacy of inquiry is considered, there is no law which provides the extent of inquiries to be made by the Assessing Officer. It is Assessing Officer’s prerogative to make inquiry to the extent he feels proper. The Commissioner of Income Tax by invoking revisionary powers under section 263 of the Act cannot impose his own understanding of the extent of inquiry. - AT Highlights Income Tax Sat, 09 Jul 2022 08:02:27 +0530 https://www.taxtmi.com/highlights?id=64533