https://www.taxtmi.com/caselaws?id=436593 The Tribunal quashed the revision order passed by the Ld. CIT(E), holding that the AO had conducted sufficient inquiries and that the Ld. CIT(E) failed to establish that the AO's order was erroneous and prejudicial to the interests of the revenue. The appeal of the assessee was allowed, emphasizing the importance of necessary inquiries before invoking revisional jurisdiction under Section 263. The judgment highlights that mere dissatisfaction with the AO's inquiry process does not justify invoking Section 263 without concrete evidence of error and prejudice to revenue. en-us Mon, 27 Feb 2023 00:00:00 +0530 Mon, 17 Apr 2023 08:06:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436593 The Tribunal quashed the revision order passed by the Ld. CIT(E), holding that the AO had conducted sufficient inquiries and that the Ld. CIT(E) failed to establish that the AO's order was erroneous and prejudicial to the interests of the revenue. The appeal of the assessee was allowed, emphasizing the importance of necessary inquiries before invoking revisional jurisdiction under Section 263. The judgment highlights that mere dissatisfaction with the AO's inquiry process does not justify invoking Section 263 without concrete evidence of error and prejudice to revenue. Case-Laws Income Tax Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436593