Revision u/s. 263 justified as claim accepted without any enquiry: Kerala HC

Cochin International Airport Ltd. Vs ACIT ( Kerala High Court) Kerala High Court held that revision proceedings under section 263 of the Income Tax Act righty invoked as claim was accepted by assessing officer without any enquiry. Accordingly, jurisdiction rightly invoked. Facts- The appellant, a domestic company engaged in operating and maintaining of the Cochin International Airport, is an assessee under the provisions of the Income Tax Act, 1961. The return of the assessee was selected for scrutiny u/s. 143(3) of the Income Tax Act, 1961 and was completed by order dated 27.3.2015. Since the...