Orders cannot be set aside on mere whims & fancies of Revisionary Authority

Rajbir Singh Vs PCIT (ITAT Chandigarh) It is seen that the said order is faulted with on the ground that Rs.3,37,500/- has been deposited after a gap of few months and the discrepancy in the date on which the buffaloes were sold which as per reply of the assessee has been noticed to be 10.05.2010 and as per the affidavit of Shri Satish Kumar is alleged to be October,2010. It is also seen that the ld. PCIT has adversely noticed the fact that the AO has not maintained any Office Note. Addressing the lack of Office Note first, we find that the absence of an Office Note made by the AO by itself ca...