Revision u/s. 263 justified due to lack of inquiry and total non-application of mind by AO

PCIT Vs Sangeeta Jain (Delhi High Court)

Delhi High Court held that revisionary proceedings under section 263 of the Income Tax Act justified in absence of any effective inquiry and total non-application of mind by AO. Accordingly, order passed by AO erroneous and prejudicial to interest of revenue.

Facts- PCIT on examination of the assessment record of the assessee pertaining to the AY 2013-14, issued a show cause notice u/s. 263 of the Act. PCIT alleged that proper verification of long term capital gain on sale of agricultural land was not carried out.

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