Held that the Assessing Officer neither made any enquiry before allowing the deduction of license fee claimed by the assessee nor verified and reconciled the purchases and sales of liquor in quantitative terms to ensure that the entire sales is duly booked in the accounts and that the sales is in fact accounted in the books of account at MRP as claimed by the assessee, nor investigated the declaration of meagre profit by the assessee vis-a-vis TCS receipts and claim of large amount of refund out of TCS. Revision order  was affirmed.(AY.  2016-17)