https://www.taxtmi.com/caselaws?id=447123 ITAT Ahmedabad allowed assessee's appeal against CIT's revision order u/s 263. CIT sought to revise AO's assessment accepting political party donation deduction u/s 80GG, claiming inadequate inquiry. ITAT held inadequate inquiry cannot make AO's order erroneous unless law is wrongly applied. AO had made inquiries and accepted donation genuineness based on available material. Search revealing political party's donation scam occurred after assessment, so AO couldn't consider those findings. ITAT distinguished between lack of inquiry and inadequate inquiry, ruling AO's order wasn't erroneous or prejudicial to revenue interest. en-us Thu, 30 Nov 2023 00:00:00 +0530 Tue, 19 Dec 2023 09:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447123 ITAT Ahmedabad allowed assessee's appeal against CIT's revision order u/s 263. CIT sought to revise AO's assessment accepting political party donation deduction u/s 80GG, claiming inadequate inquiry. ITAT held inadequate inquiry cannot make AO's order erroneous unless law is wrongly applied. AO had made inquiries and accepted donation genuineness based on available material. Search revealing political party's donation scam occurred after assessment, so AO couldn't consider those findings. ITAT distinguished between lack of inquiry and inadequate inquiry, ruling AO's order wasn't erroneous or prejudicial to revenue interest. Case-Laws Income Tax Thu, 30 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447123