https://www.taxtmi.com/highlights?id=62948 Revision u/s 263 - Reopening of assessment initiated against assessee - Since in the instant case the AO has conducted due enquiry and after being satisfied, accepted the returned income and passed the order under section 143(3)/147 therefore, the order cannot be called as an erroneous order. Therefore, even if the order is prejudicial to the interests of Revenue, but, the same not being erroneous, the twin conditions are not satisfied - AT en-us Sat, 16 Apr 2022 11:58:57 +0530 Sat, 16 Apr 2022 11:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62948 Revision u/s 263 - Reopening of assessment initiated against assessee - Since in the instant case the AO has conducted due enquiry and after being satisfied, accepted the returned income and passed the order under section 143(3)/147 therefore, the order cannot be called as an erroneous order. Therefore, even if the order is prejudicial to the interests of Revenue, but, the same not being erroneous, the twin conditions are not satisfied - AT Highlights Income Tax Sat, 16 Apr 2022 11:58:57 +0530 https://www.taxtmi.com/highlights?id=62948