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Gujarat HC: Section 263 Orders Quashed as Section 14A Issue Was Already Examined in Original Assessment
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taxguruin
Ltd., observing that an assessment order is not required to record reasons for granting a claim or not making a disallowance.
Such lack of enquiry/verification makes the assessment order erroneous and prejudicial to the interest of revenue.
If it does so, an assessment order would cease to be an order and become an epic tome.
It has rightly been contended on behalf of the respondents that on the own showing of the petitioner, respondent No.
Therefore, the Assessing Officer while carrying out the re-assessment proceedings could not have again made any inquiry for the said issue.