https://www.taxtmi.com/caselaws?id=428092 The Tribunal upheld the revision of the assessment order under section 263 of the Income Tax Act, emphasizing the importance of proper inquiries by the Assessing Officer to prevent erroneous assessments prejudicial to revenue. The appeal challenging the revision was dismissed as the Principal Commissioner's decision was affirmed due to the lack of evidence from the assessee. en-us Wed, 21 Sep 2022 00:00:00 +0530 Fri, 23 Sep 2022 08:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428092 The Tribunal upheld the revision of the assessment order under section 263 of the Income Tax Act, emphasizing the importance of proper inquiries by the Assessing Officer to prevent erroneous assessments prejudicial to revenue. The appeal challenging the revision was dismissed as the Principal Commissioner's decision was affirmed due to the lack of evidence from the assessee. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428092