Finding that no enquiries were being carried out by AO in respect of the discrepancies which were very much evident out from the large investment made by assessee in property even when assessee has no such cash, the Ahmedabad ITAT held that…
The Ahmedabad ITAT held that the PCIT cannot impose his own view in the proceedings u/s 263 by overriding the view taken by the AO, without bringing any new fact or anything adverse on record.Section 263 of the Income Tax Act is a provision…