Tax Authority's Revision Upheld u/s 263 for Unexamined Write-Off of Debit Balances Due to Lack of Inquiry.

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....Revision u/s 263 - Debit balances written-off - no evidence or material on record including the order sheet of the A.O. to establish that A.O. examined the said issue at assessment stage - Since no investigation or enquiry, Explanation-2 to Section 263 is clearly attracted - revision upheld....