https://www.taxtmi.com/caselaws?id=769827 ITAT Mumbai allowed the assessee's appeal against revision u/s 263. The tribunal held that the AO had made specific enquiries to which the assessee provided specific replies, distinguishing this from cases involving no enquiry. Following Delhi HC precedent in CIT vs. Clix Finance India Pvt. Ltd., the tribunal ruled that inadequacy of enquiry alone cannot justify invoking powers under section 263. The CIT erred in assuming jurisdiction under section 263. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769827 ITAT Mumbai allowed the assessee's appeal against revision u/s 263. The tribunal held that the AO had made specific enquiries to which the assessee provided specific replies, distinguishing this from cases involving no enquiry. Following Delhi HC precedent in CIT vs. Clix Finance India Pvt. Ltd., the tribunal ruled that inadequacy of enquiry alone cannot justify invoking powers under section 263. The CIT erred in assuming jurisdiction under section 263. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769827