Pr.CIT Rightly Revises A.O's Order for Failing to Scrutinize Interest Deduction Claim u/s 263 of Income Tax Act.

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....Revision u/s 263 by CIT - We are of a strong conviction that no infirmity emanates from the order passed by the Pr.CIT, who had rightly observed that the A.O without verifying the assessee’s claim for deduction of interest expenditure had summarily accepted the same on the very face of it. Our aforesaid conviction is fortified by the ‘Explanation 2(a)’ to Sec. 263 of the Act - AT....