NARINDER AND COMPANY,JALANDHAR vs. INCOME TAX OFFICER WARD-3(5), JALANDHAR
In the result, the appeal filed by the assessee is allowed
ITA 93/ASR/2022[2017-18]Status: DisposedITAT Amritsar10 Oct 2022AY 2017-18
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Rohit Kapoor, C.A. and Sh. V.S. AggarwalFor Respondent: Sh. Rohit Sharma, CIT DR
Section 143(3)Section 263Section 263(1)Section 263p
292 of the paper
7.2 On the other hand the ld. DR mentioned that the explanation of the
assessee was accepted by the AO without making any verification and
independent enquiry in this regard. So, the entire order related to this
particular issue is erroneous. Therefore, the invoking of section 263 of the
Act by the PCIT was proper
