https://www.taxtmi.com/highlights?id=64287 Revision u/s 263 - As per CIT penalty proceedings u/s.270A not initiated by AO - the assessment order passed by the AO is neither erroneous nor prejudicial to the interest of the Revenue and thus, we are of the considered view that the PCIT is erred in revising the assessment order u/s.263 of the Act. - AT en-us Mon, 27 Jun 2022 10:24:50 +0530 Mon, 27 Jun 2022 10:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64287 Revision u/s 263 - As per CIT penalty proceedings u/s.270A not initiated by AO - the assessment order passed by the AO is neither erroneous nor prejudicial to the interest of the Revenue and thus, we are of the considered view that the PCIT is erred in revising the assessment order u/s.263 of the Act. - AT Highlights Income Tax Mon, 27 Jun 2022 10:24:50 +0530 https://www.taxtmi.com/highlights?id=64287