Held that the Assessing Officer has not applied his mind to the information that has been supplied by the assessee nor he has considered such information nor formed an opinion in respect of such information. Revision order is held to be justified. (AY.2008-09)
L. A. Development v. CIT (2022) 215 DTR 153 /218 TTJ 386 / 142 taxmann.com 280 (Cuttack)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Reassessment-Difference between the cash flow statement and balance sheet-Failure on the part of the AO to examine the same-Revision order is justified. [S. 143(3), 147, 148]