https://www.taxtmi.com/highlights?id=77320 Validity of Revision u/s 263 - The Pr. CIT had argued that the original assessments were inadequate and missed critical checks, which purportedly rendered the assessments erroneous and adverse to revenue interests. However, the tribunal found that the assessee had provided sufficient documentation and explanations initially and during the re-assessment proceedings, which were conducted thoroughly by the assessing officer. The tribunal, therefore, set aside the revisional order issued by the Pr. CIT, reinstating the original assessment. en-us Fri, 10 May 2024 10:22:13 +0530 Fri, 10 May 2024 10:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77320 Validity of Revision u/s 263 - The Pr. CIT had argued that the original assessments were inadequate and missed critical checks, which purportedly rendered the assessments erroneous and adverse to revenue interests. However, the tribunal found that the assessee had provided sufficient documentation and explanations initially and during the re-assessment proceedings, which were conducted thoroughly by the assessing officer. The tribunal, therefore, set aside the revisional order issued by the Pr. CIT, reinstating the original assessment. Highlights Income Tax Fri, 10 May 2024 10:22:13 +0530 https://www.taxtmi.com/highlights?id=77320