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2016 (12) TMI 1072 - ITAT VISAKHAPATNAMRevision u/s 263 - Held that:- On perusal of the details available on record, we find that the A.O. has conducted detailed enquiry and also examined all the issues pointed out by the CIT in the show cause notice. The assessee has explained each and every issues with necessary evidences. Therefore, we are of the view that, the CIT cannot assume jurisdiction to revise the assessment order, once assessee explained that it had filed all the details before the A.O. on the issues on which CIT wants further verification. It is the general presumption of law that the A.O. has considered all the details before completion of assessment, once the assessee has filed details called for by the A.O. But, the CIT cannot presume that the enquiry conducted by the A.O. is insufficient and also the A.O. has not applied his mind, unless the CIT proves that the assessment order passed by the A.O. is erroneous. Therefore, we are of the view that the assessment order passed by the A.O. u/s 143(3) of the Act dated 9.12.2009 is not erroneous in so far as it is prejudicial to the interest of the revenue. -Decided in favour of assessee
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