CIT's Directions u/s 263 Deemed Excessive; Reassessment Finds No Issues with Unsecured Creditors and Loans.

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....Revision u/s 263 - Directions of the Ld.CIT given to the AO to verify the unsecured creditors, unsecured loans, the AO in his fresh assessment order passed u/s 143(3) r.w.s.263 of the Act, did not draw any adverse inference. This direction of the Ld.CIT was in the nature of directing rowing enquiries. - Revision is bad in law - AT....