CIT review u/s. 263 not justified If AO exercises due diligence in accepting assessee’s claim

IN THE ITAT AGRA BENCH Sudhir Kumar Agarwal Versus Commissioner of Income-tax-II, Agra IT Appeal NOS. 233 & 234 (AGR.) OF 2012 [Assessment year 2002-03] JANUARY 11, 2013 ORDER A.L. Gehlot, Accountant Member – These are appeals filed by the assessees against two different orders, both dated 28.03.2012 passed by the ld. CIT-II, Agra for the Assessment Years 2002-03. 2. The facts raised in both the appeals are based on identical set of facts, therefore, for the sake of convenience; both the appeals are decided by this common order. 3. The grounds raised by the assessees...