CIT can revise assessment order u/s 263 if AO did not make any proper inquiry

Daniel Merchants Private Limited Vs. ITO (Supreme Court of India)

In all these cases, we find that the Commissioner of Income Tax had passed an order under Section 263 of the Income Tax Act, 1961 with the observations that the Assessing Officer did not make any proper inquiry while making the assessment and accepting the explanation of the assessee(s) insofa

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