https://www.taxtmi.com/caselaws?id=59599 The Tribunal allowed the appeal, finding the CIT's assumption of jurisdiction under section 263 invalid. It held that the Assessing Officer had adequately examined the seized documents during the block assessment, dismissing claims of errors prejudicial to Revenue. The Tribunal emphasized that the CIT lacked authority to substitute his discretion for the AO's, quashing the CIT's order. en-us Thu, 12 Sep 2002 00:00:00 +0530 Fri, 31 Dec 2010 10:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59599 The Tribunal allowed the appeal, finding the CIT's assumption of jurisdiction under section 263 invalid. It held that the Assessing Officer had adequately examined the seized documents during the block assessment, dismissing claims of errors prejudicial to Revenue. The Tribunal emphasized that the CIT lacked authority to substitute his discretion for the AO's, quashing the CIT's order. Case-Laws Income Tax Thu, 12 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59599