Assessment proceedings u/s 143(2) are not meant for benefit of assessee

The assessment  proceedings u/s 143(2) of the Act are not meant for the benefit of the assessee but are for the benefit of Revenue only so that the AO is able to ensure that the assessee has not understated the income or has not computed excessive loss or has not under paid the tax in any manner. Relevant Text of the ITAT Order is as follows:- (C.2). The second ground of appeal is in respect of the direction of the Ld.CIT(A) in para 6.1 of her appellate order dated 31.10.2012 wherein the Ld.CIT(A) directed the AO to reduce the taxable income by Rs.79,32,289/-. As a result of this direction of...