https://www.taxtmi.com/caselaws?id=56521 The Tribunal upheld the CIT's order under section 263, dismissing the appeals. It found the AO had not conducted proper enquiries, justifying the CIT's decision to set aside the assessment order for the year 1998-99. The Tribunal supported the CIT's action based on inadequate enquiry by the AO, use of subsequent material, and rejected the application of the principle of res judicata in income tax assessments. The CIT's directive for fresh assessments after thorough investigations was deemed appropriate, emphasizing the AO's duty to verify return facts when necessary. en-us Fri, 18 Oct 2002 00:00:00 +0530 Sat, 04 Dec 2010 12:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56521 The Tribunal upheld the CIT's order under section 263, dismissing the appeals. It found the AO had not conducted proper enquiries, justifying the CIT's decision to set aside the assessment order for the year 1998-99. The Tribunal supported the CIT's action based on inadequate enquiry by the AO, use of subsequent material, and rejected the application of the principle of res judicata in income tax assessments. The CIT's directive for fresh assessments after thorough investigations was deemed appropriate, emphasizing the AO's duty to verify return facts when necessary. Case-Laws Income Tax Fri, 18 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56521