Revisionary power u/s 263 unjustified as due enquiry carried out by AO

Synergy India Vs PCIT (ITAT Chandigarh)

ITAT Chandigarh held that invocation of revisionary powers u/s 263 post due enquiry carried out by AO and assessment order passed with due application of mind is unjustified and untenable in law.

Facts- The Assessee has contended that the ld. PCIT, while wrongly assuming jurisdiction u/s 263 of the Act and while wrongly setting aside the assessment order dated 20.12.20 19, has failed to appreciate that detailed inquires had in fact been made by the AO during the

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