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2013 (12) TMI 645 - AT - Income TaxRevision of order u/s 263 – Whether revision of order on the ground that rebate u/s 88E requires more careful examination is valid or not - Held that:- Following CIT Vs Max India Ltd. [2007 (11) TMI 12 - Supreme Court of India] – The CIT should have valid reason to exercise his revisionary powers – The CIT has no plausible reason to review the case - It is only in cases of lack of inquiry the Commissioner is empowered to exercise his revisional powers by calling for and examining the records of any proceedings – Decided in favour of assessee.
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