Income Tax Act Section 263 Revision Upheld: Assessee Failed to Prove Necessary AO Inquiries for 2017-18 Assessment Year.

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....Revision u/s 263 - Assessee has failed to establish that the AO has made necessary enquiries - there is no doubt about applicability of Explanation (2) to section 263(1) of the IT Act, assessment year being 2017-18 the assessment order as well as the impugned revisionary order having been passed after aforesaid date of 01/06/2015. - Revision order sustained - AT....