Revisional order valid as AO accepted additional income offered by assessee without any verification

Navunda Abdulla Badruddin Vs PCIT (ITAT Bangalore)

ITAT Bangalore held that PCIT justified in invoking jurisdiction u/s 263 of the Income Tax Act as AO merely accepted the additional income offered by the assessee without verifying the bogus purchases and amount recorded in books.

Facts-

PCIT during the review of assessment records noticed that AO has taxed the unexplained expenses on regular rates. PCIT stated that the unexplained expen

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