https://www.taxtmi.com/highlights?id=64402 Revision u/s 263 - reopening of assessment u/s 147 - period of limitation - these issues are not such which can render the assessment erroneous. Similarly what prejudice is caused to the revenue is also not clear from the order of the ld PCIT. In order to revise the order the twin conditions have to be satisfied i.e. the order has to be erroneous and secondly it must be prejudicial to the interest of the revenue. - AT en-us Mon, 04 Jul 2022 09:08:31 +0530 Mon, 04 Jul 2022 09:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64402 Revision u/s 263 - reopening of assessment u/s 147 - period of limitation - these issues are not such which can render the assessment erroneous. Similarly what prejudice is caused to the revenue is also not clear from the order of the ld PCIT. In order to revise the order the twin conditions have to be satisfied i.e. the order has to be erroneous and secondly it must be prejudicial to the interest of the revenue. - AT Highlights Income Tax Mon, 04 Jul 2022 09:08:31 +0530 https://www.taxtmi.com/highlights?id=64402