https://www.taxtmi.com/caselaws?id=55008 The Tribunal upheld the CIT's decision to cancel the assessment order under section 263 of the IT Act, 1961, due to the AO's failure to investigate the investment in coal and drafts by the assessee. The appeal was dismissed, emphasizing the necessity of thorough assessment procedures and proper examination of all relevant facts to prevent prejudicial outcomes to Revenue. en-us Thu, 29 Jan 2004 00:00:00 +0530 Tue, 23 Nov 2010 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55008 The Tribunal upheld the CIT's decision to cancel the assessment order under section 263 of the IT Act, 1961, due to the AO's failure to investigate the investment in coal and drafts by the assessee. The appeal was dismissed, emphasizing the necessity of thorough assessment procedures and proper examination of all relevant facts to prevent prejudicial outcomes to Revenue. Case-Laws Income Tax Thu, 29 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55008