Held that the Assessing Officer has applied the mind, there being nothing to show or suggest that the assessee’s claim of deduction under S. 36(1)(viia) is not correct or excessive, the exercise of power of revision by the Principal CIT under S. 263 was not justified on the ground of lack of enquiry by the AO. (AY.2017-18)
Jila Sahkari Kendriya Bank Mayaadit v. PCIT (2022) 216 DTR 49 /218 TTJ 1005 (Jabalpur)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Bad-debt-Provision for bad and doubtful debts-Order was passed after proper application of mind-Revision is held to be not valid [S. 36(1)(viia), R, 6ABA]