Section 263 Revision Overruled: Assessing Officer's Net Profit Rate Application Seen as Plausible, Not Unsustainable.

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....Revision u/s 263 by CIT - Rejection of trading results - lack of enquiry" or "lack of investigation" - Rejection of trading results and application of net profit rate by the Assessing Officer is a possible view and, not an unsustainable view and, therefore, even otherwise, invocation of section 263 is not in accordance with law - AT....