https://www.taxtmi.com/caselaws?id=56250 The Tribunal upheld the CIT's order under Section 263, finding the original assessment order to be erroneous and prejudicial to the Revenue's interests due to lack of necessary inquiries and evaluations. The Tribunal dismissed the appeal and affirmed the CIT's direction for a fresh assessment, emphasizing the CIT's statutory right to direct further inquiries without prejudice to the assessee. en-us Mon, 10 May 1999 00:00:00 +0530 Thu, 02 Dec 2010 16:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56250 The Tribunal upheld the CIT's order under Section 263, finding the original assessment order to be erroneous and prejudicial to the Revenue's interests due to lack of necessary inquiries and evaluations. The Tribunal dismissed the appeal and affirmed the CIT's direction for a fresh assessment, emphasizing the CIT's statutory right to direct further inquiries without prejudice to the assessee. Case-Laws Income Tax Mon, 10 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56250