https://www.taxtmi.com/caselaws?id=445501 Revision under section 263 was sustained where the assessment on the section 43CA issue was found to have been made without proper enquiry, rendering the order erroneous and prejudicial to the Revenue. The challenge to the section 153D approval was not finally decided because it depended on verification of the assessment records and correspondence to determine whether the approval was mechanical; the matter was remanded for fresh consideration. The contention that additions or revision for the search years were impermissible in the absence of incriminating material was rejected at this stage because the necessary factual foundation was not available on the record. en-us Thu, 02 Nov 2023 00:00:00 +0530 Wed, 08 Nov 2023 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445501 Revision under section 263 was sustained where the assessment on the section 43CA issue was found to have been made without proper enquiry, rendering the order erroneous and prejudicial to the Revenue. The challenge to the section 153D approval was not finally decided because it depended on verification of the assessment records and correspondence to determine whether the approval was mechanical; the matter was remanded for fresh consideration. The contention that additions or revision for the search years were impermissible in the absence of incriminating material was rejected at this stage because the necessary factual foundation was not available on the record. Case-Laws Income Tax Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445501