Faceless Assessment Regime: Section 263 Revision Examined; Assessment Order by AO Upheld as Non-Erroneous.

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....Revision u/s 263 - Lack of enquiry - faceless assessment - in a faceless regime, normally there cannot be a case of prejudice of lack of enquiry for the reason that there is application of mind by multiple officers of Department and not by a single officer and thus at the end of our discussion, we are of the view that the assessee firm had furnished the requisite information and the NFAC has completed the assessment after considering all the facts, therefore, the order passed by the AO cannot be termed as erroneous. - AT....