https://www.taxtmi.com/caselaws?id=56823 The Tribunal upheld the Commissioner of Income-tax's order under section 263, finding that the Income-tax Officer's failure to conduct proper inquiries before finalizing the assessment led to an erroneous and prejudicial order against the Revenue's interests. The Tribunal agreed with the Commissioner's decision to set aside the assessment order for the assessment year 1983-84 and directed the Income-tax Officer to conduct a fresh assessment after allowing the assessee an opportunity to be heard. The appeal filed by the assessee was rejected. en-us Fri, 09 Feb 1990 00:00:00 +0530 Mon, 06 Dec 2010 18:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56823 The Tribunal upheld the Commissioner of Income-tax's order under section 263, finding that the Income-tax Officer's failure to conduct proper inquiries before finalizing the assessment led to an erroneous and prejudicial order against the Revenue's interests. The Tribunal agreed with the Commissioner's decision to set aside the assessment order for the assessment year 1983-84 and directed the Income-tax Officer to conduct a fresh assessment after allowing the assessee an opportunity to be heard. The appeal filed by the assessee was rejected. Case-Laws Income Tax Fri, 09 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56823