https://www.taxtmi.com/highlights?id=77472 Revision u/s 263 - order framed u/s 153A - The Tribunal (ITAT) held that, the assessment orders approved u/s 153D cannot be revised u/s 263 without first revising the approval itself. The AO conducted adequate and reasonable enquiries, fulfilling the requirements of a proper assessment. - The Tribunal emphasized the legal principle that when two views are possible, the AO's decision to adopt one permissible view cannot be deemed erroneous or prejudicial to the interests of the revenue. en-us Thu, 16 May 2024 07:50:46 +0530 Thu, 16 May 2024 07:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77472 Revision u/s 263 - order framed u/s 153A - The Tribunal (ITAT) held that, the assessment orders approved u/s 153D cannot be revised u/s 263 without first revising the approval itself. The AO conducted adequate and reasonable enquiries, fulfilling the requirements of a proper assessment. - The Tribunal emphasized the legal principle that when two views are possible, the AO's decision to adopt one permissible view cannot be deemed erroneous or prejudicial to the interests of the revenue. Highlights Income Tax Thu, 16 May 2024 07:50:46 +0530 https://www.taxtmi.com/highlights?id=77472