Held that the AO has made adequate, sufficient and proper enquiry on both the issues during scrutiny assessment proceedings by issuing notice under s. 142(1) and considered the reply and documentary evidence furnished by the assessee. Order of revision is held to be not valid (AY.2016-17)
Kalinga Institute of Industrial Technology (KIIT) v. CIT (E) (2022) 217 TTJ 690 / 214 DTR 1 (Cuttack)(Trib)
S. 263: Commissioner-Revision of orders prejudicial to revenue-Proper enquiry was made in the course of original assessment proceedings-Revision order was quashed.[S.68, 69A, 142(1)]