Invocation of revisionary power u/s 263 unsustainable as inquiry was duly conducted by AO

Tirath Dass Vs PCIT (ITAT Delhi)

ITAT Delhi held that invocation of revisionary power u/s. 263 of the Income Tax Act unsustainable as Assessing Officer duly carried out all the inquiry before passing assessment order u/s. 143(3) of the Income Tax Act.

Facts- Survey u/s. 133A of the Act was carried out at the premises of the assessee, proprietor of M/s. Fancy Jewellers, Haryana wherein an additional income of Rs. 90,63,000/- was admitted by the assessee on account of unexp

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