2019 (12) TMI 205

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....ima Gupta, D.R. ORDER PER KUL BHARAT, J.M: This appeal by the assessee is directed against order of the Ld. Pr. CIT-1, Indore dated 18.3.2019 pertaining to the assessment year 2014-15. The assessee has raised following grounds of appeal: 1. That on the facts and in the circumstances of the case the Ld. CIT has erred in setting aside the order of the A.O. passed u/s 143(3) of the I.T. Act, for....

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....aming the assessment the A.O. accepted the return declared by the assessee, however, subsequently Ld. Pr. CIT issued a notice u/s 263 of the Act calling upon the assessee as to why the assessment order so framed should not be revised on the basis that the A.O. did not examine loss from currency fluctuations and also did not refer matter to the TPO for computing value of specified domestic transact....