Dismissing the appeal of the revenue the Court held that the assessment order indicated that the Assessing Officer had made enquiries that pertained to the issues of the remuneration of the partners and other expenses and receipts and the assessee had submitted details therefor. He had enhanced the returned income of the assessee making additions out of various expenses. Accordingly there was no infirmity in the order passed by the Tribunal reversing the revision order of the PCIT and restoring the assessment order passed by the Assessing Officer.( AY.2011-12)
PCIT v. Hari Om Stones (2020) 423 ITR 198 (Raj)(HC)
S. 263 : Commissioner – Revision of orders prejudicial to revenue –
Assessing Officer making enquiries pertaining to remuneration of partners and expenses and receipts – Order is neither erroneous nor prejudicial to interests of revenue .