Revisionary proceedings u/s 263 justified if no proper inquiry by AO

AU Small Finance Bank Ltd Vs PCIT (ITAT Jaipur)

ITAT Jaipur held that invocation of revisionary proceedings u/s 263 of the Income Tax Act justified in absence of proper inquiry by AO which renders the assessment order erroneous as well as prejudicial to the interest of revenue.

Facts- PCIT on examination of the details/ record available before her observed that the assessment order passed on 19-03-2021 u/s 143(3) r.w.s. 143(3A) and 143(3B) of the assessee for the assessmen

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