https://www.taxtmi.com/caselaws?id=772385 The Madras HC upheld the Tribunal's decision quashing the Commissioner's revision order u/s 263. The AO had issued a questionnaire with 34 queries u/s 142(1) regarding exemptions u/s 11 and 12, which the assessee answered with supporting materials. Though the assessment order didn't discuss these queries, the HC held that once queries are raised and replied to, the AO's silence indicates acceptance of the explanation. The Commissioner's exercise of power u/s 263 was deemed arbitrary, and substantial questions of law were answered in favor of the assessee. en-us Tue, 03 Jun 2025 00:00:00 +0530 Fri, 06 Jun 2025 10:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772385 The Madras HC upheld the Tribunal's decision quashing the Commissioner's revision order u/s 263. The AO had issued a questionnaire with 34 queries u/s 142(1) regarding exemptions u/s 11 and 12, which the assessee answered with supporting materials. Though the assessment order didn't discuss these queries, the HC held that once queries are raised and replied to, the AO's silence indicates acceptance of the explanation. The Commissioner's exercise of power u/s 263 was deemed arbitrary, and substantial questions of law were answered in favor of the assessee. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772385