https://www.taxtmi.com/caselaws?id=313256 The Tribunal upheld the CIT's order under section 263, determining that the ITO's failure to conduct proper inquiries rendered the assessment order erroneous and prejudicial to the Revenue's interests. The Tribunal found the CIT's directive for a fresh assessment, after providing the assessee an opportunity to be heard, lawful and non-prejudicial. Consequently, the assessee's appeal was dismissed. en-us Fri, 09 Feb 1990 00:00:00 +0530 Wed, 03 Apr 2024 14:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313256 The Tribunal upheld the CIT's order under section 263, determining that the ITO's failure to conduct proper inquiries rendered the assessment order erroneous and prejudicial to the Revenue's interests. The Tribunal found the CIT's directive for a fresh assessment, after providing the assessee an opportunity to be heard, lawful and non-prejudicial. Consequently, the assessee's appeal was dismissed. Case-Laws Income Tax Fri, 09 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313256