Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2020 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (3) TMI 179 - GUJARAT HIGH COURTRevision u/s 263 - HELD THAT:- We are of the view that none of the two questions as proposed by the Revenue could be termed as the substantial questions of law involved in this appeal. The Tribunal has recorded a specific finding that during the search, nothing incriminating was recovered and the Assessing Office made adequate inquiry in the case. It is not in dispute that during the course of framing of assessment, the Assessing Officer had access to all the records of the assessee and after perusal of such records ultimately the Assessing Officer framed the assessment. The Tribunal is right in its final conclusion that such assessment order could not have been taken into revision in exercise of revisional power under Section 263 of the Act as assessment order cannot be said to be erroneous and prejudicial to the interests of the revenue.
|