Allowing the petition the Court held that ; in the revision order the Commissioner did not make any addition to assessee’s income and held that addition of a sum of Rs. 20 crores being a serious matter, same should be examined again. Order of Commissioner is set aside by observing that it was not quantum of additions but justification thereof which would be germane for deciding to exercise revisional powers .Remanded the matter for fresh disposal. (AY. 2013-14)
Nitin Babubhai Rohit v. Ashok Bhavanbhai Patel (2018) 258 Taxman 252/ 172 DTR 388/ 305 CTR 979 (Guj.)(HC)
S. 264 :Commissioner – Revision of other orders -Cash credits –In the revision order the Commissioner did not make any addition to assessee’s income and held that addition of a sum of Rs. 20 crores being a serious matter, same should be examined again –Order of Commissioner is set aside by observing that it was not quantum of additions but justification thereof which would be germane for deciding to exercise revisional powers –Remanded the matter for fresh disposal. [ S.68 ]