https://www.taxtmi.com/highlights?id=61671 Revision u/s 263 by CIT - We find that the assessment order qua the deduction under section 80(9)(2)(d) of the Act on account of interest earned from Surat Co-operative bank is not erroneous. Since the order is not erroneous, though, it may be prejudicial to the interest of the Revenue. Thus, the twin condition as provided in section 263 of the act is not fulfilled qua the income component of interest income earned on deposit with Surat Cooperative Bank; therefore, the order passed by the ld PCIT is set - AT en-us Fri, 28 Jan 2022 17:03:31 +0530 Fri, 28 Jan 2022 17:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61671 Revision u/s 263 by CIT - We find that the assessment order qua the deduction under section 80(9)(2)(d) of the Act on account of interest earned from Surat Co-operative bank is not erroneous. Since the order is not erroneous, though, it may be prejudicial to the interest of the Revenue. Thus, the twin condition as provided in section 263 of the act is not fulfilled qua the income component of interest income earned on deposit with Surat Cooperative Bank; therefore, the order passed by the ld PCIT is set - AT Highlights Income Tax Fri, 28 Jan 2022 17:03:31 +0530 https://www.taxtmi.com/highlights?id=61671