Revision u/s 263 sustained as assessment completed in a routine and mechanical manner

Jaydeep Construction Vs PCIT (ITAT Mumbai)

ITAT Mumbai held revisionary order under section 263 of the Income Tax Act to be proper and just as assessment was completed in a routine and mechanical manner without due diligence and without due application of mind.

Facts- The assessee is a partnership firm and is involved in real estate business. The case was selected under CASS for complete scrutiny and the Assessing Officer completed assessment of the firm u/s. 143(3) r.w.s.

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