Justified Invocation of Section 263: No Enquiry or Verification

Anand Surana Vs PCIT (ITAT Raipur)

ITAT Raipur held that invocation of section 263 of the Income Tax Act justified as AO passed the order without making any enquiry or verification and hence such order passed is deemed to be erroneous and prejudicial to the interest of revenue.

Facts- Pr. CIT after culmination of the assessment proceedings, called for the assessment records of the assessee. It was observed by the Pr. CIT that the assessee during the year under consideratio

Please become a Premium member. If you are already a Premium member, login here to access the full content.