Revision u/s 263 Invalid: AO Asked Questions, Assessee Answered, Matter Closed!- ITAT Chandigarh to PCIT- Depth of Enquiry is AO’s Domain, Not Yours

Sharmanji Yarns Private Limited Vs PCIT (ITAT Chandigarh) Revision u/s 263 Invalid: AO Asked Questions, Assessee Answered, Matter Closed!- ITAT Chandigarh to PCIT- Depth of Enquiry is AO’s Domain, Not Yours!- Revision u/s 263 Invalid When AO Took a Plausible View After Proper Enquiry Assessee’s return was subjected to complete scrutiny u/s 143(3) r.w.s. 144B. During assessment proceedings, AO issued multiple detailed notices u/s 142(1) calling for information on various issues including stock valuation, ICDS compliance, opening vs closing stock difference, expenses with TDS details, additi...