25 November 2011
during the proceedings of sec 263 some additional evidnce were provided by assessee-can cit drop the procedings after additional evidence placed on record--any case laws for support
27 November 2011
Please see the following case laws. i) C. Parikh & Co. v. CIT (1980) 122 ITR 610 (Guj). ii) Digvijay Cement Co. Ltd. v. CIT (1999) 210 ITR 797 (Guj).