https://www.taxtmi.com/highlights?id=56341 Revision u/s 263 - PCIT has come to conclusion that the order passed by AO is erroneous, but has not verified nor investigated to determine the other condition i.e. how it is prejudicial to the interest of revenue. As held in numerous case law and it is settle position of law that to initiate proceedings under section 263, twin conditions has to be satisfied. - AT en-us Sat, 16 Jan 2021 11:01:26 +0530 Sat, 16 Jan 2021 11:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56341 Revision u/s 263 - PCIT has come to conclusion that the order passed by AO is erroneous, but has not verified nor investigated to determine the other condition i.e. how it is prejudicial to the interest of revenue. As held in numerous case law and it is settle position of law that to initiate proceedings under section 263, twin conditions has to be satisfied. - AT Highlights Income Tax Sat, 16 Jan 2021 11:01:26 +0530 https://www.taxtmi.com/highlights?id=56341