Revisional power under Section 263 of the Act cannot be exercised even if there is inadequate enquiry on the part of AO

Vodafone Essar South Ltd. Vs. Commissioner of Income Tax ITAT Delhi I.T.A. No. 3238/Del/2009 A.Y. : 2004- 05 ORDER This appeal by the Assessee is directed against the order of the Ld. Commissioner of Income Tax (Appeals) dated 30.3.2009 pertaining to assessment year 2004-05. 2.  The grounds raised read as under:- “On the facts and circumstances of the case and in law, the Ld. Commissioner of Income Tax-IV, New Delhi (hereinafter referred to as the Learned C.I.T.) erred in initiating proceedings under section 263 of Income Tax Act, 1961 (Act) by wrongly assuming jurisdic...