If in the view of Pr. CIT it was the case of inadequate enquiry, then the enquiry had to be undertaken by him to invoke section 263 that assessment order is erroneous insofar as it is prejudicial to interests of Revenue. No such enquiries were sought to be made by PCIT, therefore the impugned order was set aside. (AY. 2014-15)
Magic London LLP v. PCIT (2020) 188 DTR 238 / 204 TTJ 765 (Delhi)(Trib.) Graffiti Technologies LLP v. PCIT (2020) 188 DTR 238 / 204 TTJ 785 (Delhi)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited liability scrutiny-Assessing Officer examined documents in the original assessment proceedings-Revision is held to be not valid. [S. 143(3)]