Revision power u/s 263 cannot be invoked if enquiry conducted by AO

Advertisement Sanjay Amrutrao Satav (HUF) Vs ITO (ITAT Pune) ITAT Pune held that if there was enquiry conducted by the AO even if the enquiry in inadequate there will be no occasion to the Commissioner to exercise the power of revision u/s 263 of the Income Tax Act. Facts- The appellant is HUF engaged in the business developers and promoters of land. The return of income for the assessment year 2016-17 was filed on 17.10.2016 declaring total income of Rs.6,45,270/-. The assessment, against the said return of income, was completed by the Assessing Officer passed u/s 143(3) of the Act at a to...