https://www.taxtmi.com/highlights?id=47895 Revision u/s 263 - AO made no enquiry for details of deposits neither anyalysed identity, genuineness and creditworthiness nor examined eligibility for deduction u/s. 80P(2) - neither audited account by an accountant or under co-operative audit was filed, even TAR u/s 44AB not filed - without making any enquiry into these issues, the AO accepted the assessee’s claim - the assessment order is erroneous which also resulted in loss to the revenue - revision valid en-us Sat, 13 Jul 2019 08:07:29 +0530 Fri, 12 Jul 2019 12:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47895 Revision u/s 263 - AO made no enquiry for details of deposits neither anyalysed identity, genuineness and creditworthiness nor examined eligibility for deduction u/s. 80P(2) - neither audited account by an accountant or under co-operative audit was filed, even TAR u/s 44AB not filed - without making any enquiry into these issues, the AO accepted the assessee’s claim - the assessment order is erroneous which also resulted in loss to the revenue - revision valid Highlights Income Tax Sat, 13 Jul 2019 08:07:29 +0530 https://www.taxtmi.com/highlights?id=47895