Assessment Order Lacks Verification; CIT Upholds Section 263 Invocation Due to A.O's Perfunctory Review of Claims.

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....Revision u/s 263 - As the assessee’s claim of having incurred the expenses towards furtherance of its charitable objective; and also its claim of having received donations, both local and foreign, had been accepted by the A.O without carrying out necessary verifications, therefore, the aforesaid contention of the assessee is devoid and bereft of any merit, and thus, cannot be accepted. - No infirmity in the order passed by the CIT under Sec. 263, wherein he had after rightly observing that the assessment order u/s 143(3) had been passed by the A.O in a perfunctory and routine manner without any verification, cross checks or test checks - AT....