Revisionary power u/s. 263 cannot be excersied for inadequate Enquiry on a particular matter

HIGH COURT OF DELHI Commissioner of Income-tax Versus Vodafone Essar South Ltd. IT Appeal NO. 119 OF 2012 NOVEMBER 20, 2012 JUDGMENT S. Ravindra Bhat, J. The Revenue is aggrieved by an order of the Income Tax Appellate Tribunal (ITAT) in Vodafone Essar South Ltd. v. CIT [2012] 51 SOT 57 (Delhi) (URO). The question of law sought to be urged by it is whether the impugned order is in error in setting aside the assessment made by the CIT, after invoking jurisdiction under Section 263 of the Income Tax Act. 2. Briefly, the facts are that the respondent assessee, in its return for a...