CIT Initiates Section 263 Revision as AO Fails to Inquire Write-Off of Advance for Land Cost. Proceedings Upheld.

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....Revision u/s 263 by CIT - the assessee has written off an amount as advance written off towards cost of land and there is nothing available on record to show that the AO had made any enquiries in this regard which is required to be done - Revision proceedings sustained - AT....