https://www.taxtmi.com/caselaws?id=442408 The appeal filed by the assessee was allowed, and the order passed under section 263 of the Act was quashed. The court held that the Assessing Officer had conducted a reasonable enquiry during the assessment proceedings, and the decision taken was considered plausible and not contrary to the facts on record. It was determined that the revisionary order was not valid, and the assessee's argument against the jurisdiction exercised under section 263 of the Act was upheld. en-us Mon, 28 Aug 2023 00:00:00 +0530 Fri, 01 Sep 2023 08:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442408 The appeal filed by the assessee was allowed, and the order passed under section 263 of the Act was quashed. The court held that the Assessing Officer had conducted a reasonable enquiry during the assessment proceedings, and the decision taken was considered plausible and not contrary to the facts on record. It was determined that the revisionary order was not valid, and the assessee's argument against the jurisdiction exercised under section 263 of the Act was upheld. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442408