Proceedings u/s 263 unsustainable as enquiry already carried out by AO

Lakme Lever Private Limited Vs PCIT (ITAT Mumbai)

ITAT Mumbai held that initiation of revisional proceedings u/s 263 of the Income Tax Act unsustainable as AO has carried out enquiry on the issues, however, has failed to discuss the same in the Assessment Order.

Facts- Pr.CIT while perusing the assessment records observed that assessee has claimed EDP expenses to the extent of ₹.2,84,82,194/- in its P&L Account. The said claim of the assessee was allowed by AO while completing the assessment u/s

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