Revision order u/s. 263 sustained as assessment made without proper enquiry: ITAT Delhi

Naveen Narang Vs PCIT (Central) (ITAT Delhi)

ITAT Delhi held that error of bringing an amount of Rs.12,10,692/- to tax instead of the undisclosed amount of Rs.27,00,00,000/- is assessment made without proper enquiry and hence assessment order is erroneous and prejudicial to revenue so revision order u/s. 263 sustained.

Facts- Original return of income u/s 139 of the Income-tax Act, 1961 was filed on 30/07/2016 declaring income of Rs 57,91,510/-. A search and seizure action u/s 132 of the Act was carried out in the case of the assessee on 14/10/2020. Notice u

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