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2016 (11) TMI 292 - ITAT AHMEDABADValidity of revision orders u/s 263 - Held that:- Elaborate enquires were made not only before the assessment proceedings started but also during the course of the assessment proceedings and the assessee has fully complied with all queries raised by the Revenue Authorities. The contention that the present Assessing Officer did not make full enquiry is not acceptable, because when the assessment records were transmitted from one DCIT to another DCIT, the other DCIT was well aware of the queries raised during the course of proceedings. The Officer was also aware of all the replies filed by the assessee, supported by relevant documentary evidences. Considering the facts above the assessment order is neither erroneous nor prejudicial to the interest of the Revenue. We, therefore, set aside the impugned order passed by the Principal CIT u/s 263 and restore that of the Assessing Officer passed u/s 143(3) of the Act. - Decided in favour of assessee.
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