2019 (12) TMI 1539

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....his appeal preferred by the assessee emanates from the order of the Ld. Pr. Commissioner of Income Tax-1, Aurangabad dated 22.03.2019 passed u/s.263 of the Income Tax Act, 1961 (hereinafter referred to as "the Act‟) for the assessment year 2014-15 as per the grounds of appeal on record. 2. The crux of the grievance of the assessee in this appeal is the assumption of revisionary jurisdiction....

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....rmation as available on the records, information filed during the course of assessment proceedings and after verification of books of accounts, the income filed by the assessee is hereby accepted." 4. The Ld. Pr. Commissioner of Income Tax on the other hand invoked the revisionary jurisdiction u/s.263 of the Act to look into the other issues relating to the assessee which were not within the purv....