Order deemed to be erroneous as passed without making necessary inquiries and verification

M.R Apparels Private Limited Vs Principal Chief Commissioner of Income Tax (Delhi High Court)

Delhi High Court held that CIT has rightly held that assessment order was passed without making necessary inquiries and verification hence in terms of clause (a) of Explanation 2 to Section 263, the assessment order is deemed to be erroneous in so far as it is prejudicial to the interests of the revenue.

Facts- The appellant has filed the present appeal u/s. 260A of the Income Tax Act, 1961 impugning an order dated 06.02.2024 passed by ITAT. The appellant (assessee)

Please become a Premium member. If you are already a Premium member, login here to access the full content.