Suspicions of department cannot be base for revisionary proceedings

Trivikram Singh Toor Vs PCIT (ITAT Chandigarh)

ITAT Chandigarh held that suspicions entertained by the Revenue cannot be the basis of unsettling the valid order and hence revisionary order proceeded entirely on presumptions, conjectures and surmises is liable to be quashed.

Facts-

The Assessing Officer in the facts of the present case made an addition of Rs.2,15,847/- to the returned income of the assessee vide order passed u/s 143(3) r.w. Section 147. The said addi

Please become a Premium member. If you are already a Premium member, login here to access the full content.