Merely because assessment order of AO is Brief & Cryptic it cannot be considered as erroneous & prejudicial to revenue interest

Brief of the case: ITAT Chandigarh held in M/s. Ved Parkash Contractors Vs CIT that if the AO had passed brief and cryptic assessment order but had checked and verified all the related documents submitted by the assesse in reply to the questionnaire of the AO, which contains all the questions raised by CIT, which was found correct and genuine in the eyes of AO so it could not be said that the order passed by the AO was erroneous and prejudicial to the interest of revenue simply because in his order he did not make any elaborate discussion in that regard. ITAT also held that the submission of p...