https://www.taxtmi.com/caselaws?id=460853 ITAT upheld CIT's revision order u/s 263 against AO's assessment where AO failed to examine assessee's claim for provision of doubtful debts. Court held AO acted without proper inquiry, accepting the claim without gathering evidence or examining its validity under applicable law. Since AO made no enquiry into matters requiring prima facie examination, CIT was justified in invoking section 263 powers and remitting matter for re-examination. All grounds raised by assessee were dismissed. en-us Thu, 15 Mar 2018 00:00:00 +0530 Mon, 24 Feb 2025 15:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460853 ITAT upheld CIT's revision order u/s 263 against AO's assessment where AO failed to examine assessee's claim for provision of doubtful debts. Court held AO acted without proper inquiry, accepting the claim without gathering evidence or examining its validity under applicable law. Since AO made no enquiry into matters requiring prima facie examination, CIT was justified in invoking section 263 powers and remitting matter for re-examination. All grounds raised by assessee were dismissed. Case-Laws Income Tax Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460853