Shanti Prime Publication Pvt. Ltd.
Sec. 263 of Income Tax Act, 1961— Revision — Since taking a view should be backed by reasons and that reasons should be demonstrated in the order itself with evidences brought on record and independent enquiry conducted and in the case of assessee, the Assessing Officer has only done the work of extraction of submissions of the Ld. AR and nothing else and therefore, in fact the Assessing Officer has not formed any view and when no view has been taken, no enquiry has been conducted, when no reasons on facts has been placed on record, the order of assessment is bound to be erroneous in so far as prejudicial to the interest of the revenue. - HINDUMAL BALMUKUND INVESTMENT CO. PVT. LTD. V/s PR. CIT -  28 ITCD Online 024 (ITAT-PUNE)