https://www.taxtmi.com/caselaws?id=55639 The Tribunal upheld the Commissioner's order under Section 263, setting aside the assessments and directing the Income Tax Officer (ITO) to conduct proper inquiries and issue fresh orders. The Tribunal found that the trusts were created to evade tax, the ITO's investigations were inadequate, and the assessments were erroneous. The appeals were dismissed, affirming the decision to invoke Section 263 and require reassessment by the ITO. en-us Mon, 24 Jul 1989 00:00:00 +0530 Mon, 29 Nov 2010 11:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55639 The Tribunal upheld the Commissioner's order under Section 263, setting aside the assessments and directing the Income Tax Officer (ITO) to conduct proper inquiries and issue fresh orders. The Tribunal found that the trusts were created to evade tax, the ITO's investigations were inadequate, and the assessments were erroneous. The appeals were dismissed, affirming the decision to invoke Section 263 and require reassessment by the ITO. Case-Laws Income Tax Mon, 24 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55639