AdvertisementSubhash Kumar Dua Vs PCIT (ITAT Chandigarh) Chandigarh ITAT Upholds Section 263 Revision: AO Cannot Drop Proposed Bogus Purchase Addition Without Completing Enquiry or Recording Reasons The Chandigarh ITAT dismissed the assessee’s appeal and upheld the Principal CIT’s revisionary order under Section 263, holding that where the Assessing Officer himself records that purchases are unverifiable and even proposes a disallowance, he cannot subsequently drop the proposed addition without conducting further enquiry or recording reasons as to how his doubts stood resolved. Such an assess...