https://www.taxtmi.com/caselaws?id=312411 The HC upheld the ITAT's decision, dismissing the revenue's appeal concerning the assessment years 2013-14 and 2014-15. The court agreed with the Tribunal's finding that the Assessing Officer had conducted a proper enquiry under Section 143(3) and that the assessment order was neither erroneous nor prejudicial to the revenue. The Tribunal's interpretation of the legal distinction between "lack of enquiry" and "inadequate enquiry" was deemed correct, and thus, the invocation of Section 263 by the Principal Commissioner was unjustified. The appeal was dismissed, and the related application for stay was closed. en-us Tue, 06 Sep 2022 00:00:00 +0530 Thu, 15 Feb 2024 19:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312411 The HC upheld the ITAT's decision, dismissing the revenue's appeal concerning the assessment years 2013-14 and 2014-15. The court agreed with the Tribunal's finding that the Assessing Officer had conducted a proper enquiry under Section 143(3) and that the assessment order was neither erroneous nor prejudicial to the revenue. The Tribunal's interpretation of the legal distinction between "lack of enquiry" and "inadequate enquiry" was deemed correct, and thus, the invocation of Section 263 by the Principal Commissioner was unjustified. The appeal was dismissed, and the related application for stay was closed. Case-Laws Income Tax Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312411