Before Passing an Order U/s. 263 Principal CIT or CIT has to do their Own Enquiry

 Advocate Akhilesh Kumar Sah BEFORE PASSING AN ORDER UNDER SECTION 263 PRINCIPAL COMMISSIONER OR COMMISSIONER OF INCOME TAX HAS TO MAKE HIS/HER OWN ENQUIRY Subject to its Explanations, section 263(1) of the Income Tax Act, 1961 (‘Act’)states that  the Principal Commissioner or Commissioner may call for and examine the record of any proceeding under this Act, and if he considers that any order passed therein by the Assessing Officer is erroneous in so far as it is prejudicial to the interests of the revenue, he may, after giving the assessee an opportunity of being heard and after makin...