CIT's Revision u/s 263 Quashed Due to Lack of Independent Inquiry into Alleged Bogus Purchases.

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....Revision u/s 263 - bogus purchases - documents like invoices, given details of stocks, payments through the banking channels and confirmation from parties examined by AO - before revising the assessment u/s 263, the CIT ought to have made some inquiry of his own such as noticed u/s 133(6) or examination of concerned parties declared as hawala parties - revision quashed....