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2010 (4) TMI 915 - AT - Income TaxRevision u/s 263 by CIT - CIT set aside the assessment order passed by the AO u/s 143(3) - Whether order is void, bad and illegal? - as per CIT relevant enquiries were not made by the Assessing Officer - HELD THAT:- As specifically stated in the assessment order passed by the AO that he has examined, verified and test checked the entries made in the books of account, sales and purchase invoices, purchase ledger, bank accounts, etc. the loan were supported by confirmations. In the absence of any material to rebut the finding recorded by the AO in the assessment order, the ld CIT was not correct in cancelling the assessment and directing the AO to make fresh assessment. In this view of the matter, the order passed by the ld CIT is quashed. The appeal filed by the assessee is allowed.
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