Pr.CIT Supports Revision of Hospital Construction Cost Valuation u/s 263 Due to AO's Inadequate Investigation and Adjudication.

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....Revision u/s 263 - valuation of the cost of construction for hospital building - as per explanation u/s 263, the AO did not discharge his liability fully. First the AO is an investigating officer thereafter he is an adjudicating officer. Considering the entire facts on the order passed by the AO, which is erroneous and prejudicial to the interest of the revenue, we uphold the action of the ld. Pr.CIT - AT....