Case Law Analysis
|Income Tax Appellate Tribunal
Section 263 IT Act | Revisional Authority Must Examine AO’s Enquiry Depth Before Invoking Jurisdiction : ITAT Nagpur
ITAT Nagpur sets aside a revision order under Section 263, ruling that the Principal Commissioner must verify the adequacy of the Assessing Officer’s enquiries into alleged bogus expenditures and accommodation entries before branding an assessment order as erroneous. The decision reinforces that revisional jurisdiction cannot be exercised mechanically without scrutinizing the AO’s record of evidence and approvals.