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2014 (9) TMI 53 - ALLAHABAD HIGH COURTRevision of order u/s 263 – Prejudicial to the interest of revenue – Held that:- CIT has merely observed in its order passed u/s 263 that the AO did not make inquiry as per the direction of CIT(A) but without mentioning any reason - the AO while making de-novo assessment, as per the order of the CIT(A), has made the necessary inquiry pertaining to the sale of agricultural produce by M/s Shiva Bhandar - the assessee has taken land on lease and earned fixed income by selling agricultural produce to M/s Shiva Bhandar who further sold to M/s Food Department - the AO has made necessary inquiry while passing the fresh assessment order in pursuance to the direction issued by the CIT (A) - there was no occasion for the CIT to pass an order u/s 263 of the Act – there was no reason to interfere with the order passed by the Tribunal – Decided against revenue.
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