https://www.taxtmi.com/caselaws?id=432456 The Tribunal upheld the revisional jurisdiction under Section 263 by the Principal Commissioner of Income Tax, determining the assessment order as erroneous and prejudicial to revenue due to inadequate inquiries by the Assessing Officer. The appeal was dismissed, and the matter was remanded for further examination of forex gains and financial instruments, emphasizing the necessity of thorough scrutiny in assessment proceedings. en-us Mon, 23 May 2022 00:00:00 +0530 Thu, 05 Jan 2023 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432456 The Tribunal upheld the revisional jurisdiction under Section 263 by the Principal Commissioner of Income Tax, determining the assessment order as erroneous and prejudicial to revenue due to inadequate inquiries by the Assessing Officer. The appeal was dismissed, and the matter was remanded for further examination of forex gains and financial instruments, emphasizing the necessity of thorough scrutiny in assessment proceedings. Case-Laws Income Tax Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432456