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2016 (12) TMI 1868 - AT - Income TaxRevision u/s 263 by CIT - order passed by the AO u/s 153A r.w.s 143(3) - Assessment u/s 153A of the Act after obtaining approval of Additional CIT u/s 153D - HELD THAT:- In the present appeals for six assessment years, it is seen that except for AY 2010-11 where the assessment was framed u/s 143(3), for all the other five years, the assessments were framed u/s 153A r.w.s. 143(3) meaning thereby that while framing the assessments in those respective years, the necessary approval of Addl.CIT was obtained and that apart from AO the Addl.CIT had also applied his mind to the facts before passing the assessment orders - we find force in the submission of ld.A.R. that it cannot be said that the necessary inquiries were not made while passing the assessment orders u/s 143(3) r.w.s. 153A - it is a settled position that the assessment orders cannot be set aside or revised for inadequate inquiry by ld. CIT u/s 263 of the Act. We therefore find force in the submission of ld.A.R. that revisionary proceedings u/s 263 cannot be initiated in the present cases and for which we also find support from the following decisions. - Decided in favour of assessee.
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