Allowing the appeal of the ssessee the Tribunal held that the Assessing Officer has passed the order after considering the submission of the assesee and application of mind. When two views possible and power cannot be exercised in respect of inadequate inquiry. (AY. 2007-08)
Eicher Motors Ltd v. CIT (2021) 86 ITR 530 (Delhi)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deemed dividend-Order was passed after considering the reply and application of mind-Revision is held to be bad in law. [S. 2(22)(3), 143 (3)]