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2013 (10) TMI 471 - AT - Income TaxApplicability of section 263 - Revision u/s 263 - power of CIT – Twin conditions of section 263 fulfilled or not – Held that:- The scrip-wise, date-wise detail were not before the A.O., in the absence of which no meaningful analysis could in fact have been made or carried out by him - It is trite law that an absence or even lack of proper enquiry, so that there has not been proper application of mind in the matter, would lead to a valid assumption of jurisdiction u/s. 263 - No infirmity in the order by the ld. CIT – Decided against the Assessee.
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