Assessment Order Lacking Lender Details u/s 263 Deemed Erroneous and Prejudicial to Revenue Interests.

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....Revision u/s 263 - Confirmation of loan not bearing address - no inquiries/verification, regarding creditworthiness of the lender and genuineness - neither bank statement of lender nor Return or balance sheet are filed - it is clear that the assessment order was passed without verification, application of mind, consequently, it is erroneous as well as prejudicial to the interest of the Revenue....