DATTU SAMPAT VANKHEDE,NAGPUR vs. PCIT-2, NAGPUR

In the result, appeal filed by the assessee is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

reassessment U/s 147 and merits of the case, therefore the order passed is unjustified, unwarranted and excessive. 5. The Pr. Commissioner of Income Tax, Nagpur-2 passed the order U/s. 263 without jurisdiction and without going into provisions of the law of section 263 of the Income Tax Act, 1961 which confers power on the CIT to revise