CIT cannot invoke revisionary powers to impose his own understanding of extent of inquiry

Lalitadevi N. Tibrewala Vs PCIT (ITAT Ahmedabad)

The issue in the present case relates whether the assessment order has been passed by Ld. AO without making inquiries or verification with respect to the deduction/exemption claimed under section 54 of the Act as discussed above and hence the assessment is erroneous insofar prejudicial to the interest of the Revenue and thus requiring revision by Pr. CIT u/s 263 of the Act.

An inquiry made by the Assessing Officer, considered inadequate by t

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