Revision u/s 263 can be invoked when there was lack of enquiry by AO

Radiant Life Care Mumbai Pvt. Ltd Vs PCIT (ITAT Mumbai)

Conclusion: Since AO had merely asked the assessee for filing information in respect of the grounds on which the case was selected and no meaningful enquiry had been carried out by the AO on the information filed by the assessee, therefore, revision under  section 263 by CIT was justified.

Held  Assessee-company entered into an operation and management agreement for acquiring the Operation & Man

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