https://www.taxtmi.com/caselaws?id=464190 ITAT quashed the revision proceedings under s.263 and restored assessments framed u/s.153A r/w s.143(3) for AYs 2014-15 to 2021-22. Tribunal held the AO had conducted adequate, extensive inquiries, examined seized material and the assessee's exhaustive replies, and adopted one of the permissible views; thus the orders were not "erroneous and prejudicial" to revenue. Approval under s.153D remained intact and Pr. CIT/CIT erred in revising without independent enquiry. Revision u/s.263 was therefore unjustified and set aside. en-us Thu, 12 Sep 2024 00:00:00 +0530 Thu, 09 Oct 2025 20:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464190 ITAT quashed the revision proceedings under s.263 and restored assessments framed u/s.153A r/w s.143(3) for AYs 2014-15 to 2021-22. Tribunal held the AO had conducted adequate, extensive inquiries, examined seized material and the assessee's exhaustive replies, and adopted one of the permissible views; thus the orders were not "erroneous and prejudicial" to revenue. Approval under s.153D remained intact and Pr. CIT/CIT erred in revising without independent enquiry. Revision u/s.263 was therefore unjustified and set aside. Case-Laws Income Tax Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464190