Provision u/s 263 cannot be invoked merely because AO did not use any specific wording while allowing claim

Issue before Court:

Whether CIT rightly invoked provision under section 263.

Brief facts:

• The assessee firm was carried on the business of textiles and garments sale. The Revenue surveyed its premises under Section 133A during which certain discrepancies in accounts were found in the form of excess stocks and the balance constituted excess cash.

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