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2012 (7) TMI 576 - HC - Income TaxRevisionary power of Commissioner under section 263 of the Act - addition was made in respect of profits from the unit at Gurgaon by disallowing some expenses - assessee during the course of the original assessment proceedings before the Assessing Officer had submitted, details of commission paid, purchase details, etc. – Held that:- Commissioner did not dispute or deny that the assessee had filed invoices, commission vouchers and details - Assessing Officer did not conduct any enquiry or verification whether the aforesaid commission of Rs. 3.33 crores was attributable to the orders placed and exports made by the Chennai unit - Failure to conduct the said enquiries, makes the assessment order erroneous and prejudicial to the interests of the Revenue - Commissioner rightly exercised his revisionary power under section 263 of the Act - required conditions for exercise of the said power are satisfied - in favour of the Revenue
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