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2020 (9) TMI 692
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....ssee is directed against the order dated 28-03-2018 passed by the Pr. Commissioner of Income-tax u/s.263 of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to the assessment year 2009-10. 2. Briefly stated, the facts of the case are that the Assessing Officer (AO) received information from the Sales Tax Department about the assessee having procured bogus bills in the Ha....
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.... to dispose off the appeal ex parte qua the assessee. 4. Revision u/s 263 of the Act is contemplated where the assessment order is erroneous and prejudicial to the interest of the Revenue. It is trite that the power of revision does not extend to a debatable issue. In other words, if two possible views exist and the AO takes one of such possible views in the assessment order, the revision is ou....