Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (7) TMI 1559 - AT - Income TaxRevision u/s 263 - by order passed u/s 127 CIT transferred the cases to the present Assessing Officer who completed the assessment on 30th March, 2014, as they were getting barred by limitation at the returned income filed by the assessee without making any enquiry - AO may have made enquiry in these cases but due to paucity of time the present AO did not have time to look into the voluminous material and form opinion before making the assessment - HELD THAT:- In short time from 29.03.2014 to 30.03.2014, it was practically impossible for the Assessing Officer to have examined the returns of the assessee vis- vis the details and particulars filed in support of the returns and form an opinion and frame a detailed assessment order on the issues in the returns of income. Therefore, we have no hesitation in accepting the arguments of the ld. Departmental Representative and upholding the present orders passed u/s 263 of the Income-tax Act, 1961, by the Commissioner of Income-tax. Thus, the grounds of appeal in all the appeals under consideration are dismissed. - Decided against assessee.
|