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2019 (6) TMI 1296 - AT - Income TaxRevision u/s 263 - assessment order passed u/s 147 r.w.s. 143 (3) is erroneous and prejudicial to the interest of the revenue - unexplained cash credit - HELD THAT:- Identical issue has been decided by the coordinate bench in ITA number 6905/del/2017 for assessment year 2007 – 08 along with 4 other assessees having similar facts , where in the order passed by the learned Pr. CIT u/s 263 of the income tax act was upheld. The case of the assessee is also falling into the similar factual matrix including the name of the accommodation entry provider and the similar seized material. The coordinate bench vide para number 10 and 11 has considered the two decisions of the coordinate benches for upholding the order passed by the CIT u/s 263 of the income tax act. Further the factual matrix is also identical to the decision of the honourable Calcutta High Court in case of Raj mandir Estates private limited vs CIT [2016 (5) TMI 801 - CALCUTTA HIGH COURT] where the action of the learned CIT-A invoking jurisdiction u/s 263 of the income tax act was upheld. We do not find any reason to not to uphold the order of the learned Pr. CIT u/s 263 of the income tax act as the order passed by the learned assessing officer u/s 147 read with section 143 (3) of the income tax act is erroneous and prejudicial to the interest of the revenue. Accordingly, all the grounds raised by the assessee in this appeal are dismissed.
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