Non verification of source of investment made in mutual funds rendered assessment order erroneous and prejudicial to the interest of…
Expression ‘without making inquiries or verification’ in Section 263 to be read in conjunction with the words ‘which should have…
Inadequate enquiry leading to assumption of incorrect facts makes the order erroneous and prejudicial to the interests of the revenue…
Revision order us 263 on conducting additional enquiry on different pattern when AO conducted adequate enquiry and took view permissible…
Lack of enquiry or inadequate enquiry. Revision u/s 263 quashed by ITAT applying the large number of judgments of High…