Mechanical Acceptance of Return: ITAT Upholds Section Revision in Liquor Trader’s Case

Tansingh Vs PCIT (TAT Raipur)

AO’s Mechanical Acceptance of Return Leads to Revision- Assessment Accepted Without Inquiry – Tribunal Upholds Pr.CIT’s Revision u/s 263 on Liquor Trader’s Case

Assessee, engaged in liquor trading, filed a return declaring income of ₹19.10 lakh in response to notice u/s 148. AO accepted the returned income in the reassessment order u/s 147/144B without conducting any detailed verification. Later, based on an audit objection citing CIT v. Mekala Bal Reddy (AP HC), it was noted that liqu

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