https://www.taxtmi.com/caselaws?id=461679 HC dismissed revenue's appeal and upheld the ITAT's order quashing the revision under section 263. The court found the AO had issued questionnaires and obtained documents which the assessee furnished, and PCIT failed to identify any additional inquiries the AO omitted. Section 263 cannot be invoked merely by asserting that more enquiries could have been made; there was no established failure to conduct a proper inquiry causing loss to revenue. The HC held no substantial question of law arose and refused to interfere with the ITAT's factual finding. en-us Thu, 12 Sep 2024 00:00:00 +0530 Sat, 15 Nov 2025 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461679 HC dismissed revenue's appeal and upheld the ITAT's order quashing the revision under section 263. The court found the AO had issued questionnaires and obtained documents which the assessee furnished, and PCIT failed to identify any additional inquiries the AO omitted. Section 263 cannot be invoked merely by asserting that more enquiries could have been made; there was no established failure to conduct a proper inquiry causing loss to revenue. The HC held no substantial question of law arose and refused to interfere with the ITAT's factual finding. Case-Laws Income Tax Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461679