The Assessing Officer in an Income Tax case is not just a decision-maker but also an investigator. They cannot disregard claims without conducting a proper inquiry: Kerala High Court.

In a significant judgment, the High Court of Kerala has upheld the revision of an assessment order passed by the Income Tax Department under Section 263 of the Income Tax Act, 1961. The appeal was filed by Cochin International Airport Ltd. (the appellant), a company engaged in operating and maintaining Cochin International Airport, challenging the decision of the Income Tax Appellate Tribunal (Tribunal) which had affirmed the revision order issued…