Allowing the appeal of the assesssee the Tribunal held that the assessing Officer has passed detailed order in the course of assessing proceedings by requisitioning various details, books of account was verified . Revision is held to be not valid . ( AY.2012-13)
Vinod Bhandari v. PCIT (2020) 81 ITR 237/ ( 2021 )) 214 TTJ 157 (Indore) (Trib)
S. 263 : Commissioner – Revision of orders prejudicial to revenue – Advancing loans on hundi– Cash credits – Books of account not rejected – Assessing officer has passed a detailed order while dealing and adjudicating the issues – Revision order is quashed .[ S. 68 ,143(3)