https://www.taxtmi.com/caselaws?id=435758 The Tribunal allowed the appeal of the assessee, quashed the revision order passed under section 263, and restored the assessment order dated 15-07-2019. The court emphasized that the Commissioner cannot invoke revision powers under section 263 if the Assessing Officer has conducted inquiries, applied his mind, and taken a possible view of the matter. en-us Mon, 20 Mar 2023 00:00:00 +0530 Mon, 27 Mar 2023 09:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435758 The Tribunal allowed the appeal of the assessee, quashed the revision order passed under section 263, and restored the assessment order dated 15-07-2019. The court emphasized that the Commissioner cannot invoke revision powers under section 263 if the Assessing Officer has conducted inquiries, applied his mind, and taken a possible view of the matter. Case-Laws Income Tax Mon, 20 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435758