Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]

Assessment - Inquiry - Examination - ITAT - Revision - taxscan

The Income Tax Appellate Tribunal (ITAT), Kolkata bench comprising the Sri Manish Borad, Accountant Member & Sri Sonjoy Sarma, Judicial Member has held that the revisional jurisdiction under section 263 of the Income Tax Act, 1961 cannot be invoked when the Assessing Officer completed the assessment after conducting necessary inquiry and examination of facts. The…

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