Tribunal held that the assessment order was a cryptic order without any discussion. It was also not shown that the Assessing Officer did examine the taxability or otherwise of the surplus shown by the assessee in its income expenditure account. Since the Assessing Officer had not examined the issue in the assessment order, the assessment order was rendered erroneous and prejudicial to the interests of the Revenue. The revision was justified. (AY. 2013-14)
Mymul Raitha Kalyana Trust v. CIT(E) (2020) 82 ITR 434 (Bang.) (Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Charitable trust-Assessment Order Cryptic and without any discussion-Revision is held to be justified. [S. 11, 12A]