Allowing the appeal the Tribunal held that the Assessee has filed point wise reply to the notice u/s 142(1) and 143(2) of the Act of the Act. After application of mind the Assessing Officer passed the order. The revision order is held to be bad in law. (AY. 2013-14)
Dada Ganpati Gaur Products (P) Ltd. v. PCIT (2021) 207 DTR 105 (Chd.)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-DCF Method-Valuation of shares Assessment order was passed considering the point wise reply to the notice u/s 142(1) and 143(2) of the Act-Revision is held to be not valid. [S. 56(2)(viib) R. 11UA(2)(b)]