https://www.taxtmi.com/caselaws?id=755680 ITAT Cuttack quashed CIT(E)'s revision order u/s 263. The tribunal held that CIT(E) failed to identify specific errors in assessee's submissions or AO's examination during original assessment. CIT(E) could not demonstrate what correct enquiries were required, indicating an attempt to substitute AO's opinion without showing prejudice to revenue. Additionally, since the original assessment order was already rectified u/s 154 before the revision order, the section 263 proceedings became unsustainable and were consequently quashed. en-us Mon, 15 Jul 2024 00:00:00 +0530 Wed, 17 Jul 2024 08:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755680 ITAT Cuttack quashed CIT(E)'s revision order u/s 263. The tribunal held that CIT(E) failed to identify specific errors in assessee's submissions or AO's examination during original assessment. CIT(E) could not demonstrate what correct enquiries were required, indicating an attempt to substitute AO's opinion without showing prejudice to revenue. Additionally, since the original assessment order was already rectified u/s 154 before the revision order, the section 263 proceedings became unsustainable and were consequently quashed. Case-Laws Income Tax Mon, 15 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755680