https://www.taxtmi.com/highlights?id=65586 Revision u/s 263 - Doctrine of merger - When the issue flagged by Ld. PCIT has never been ascertained/examined to compute the correct book profit qua the transfer of these shares there is no question of merger of the order. Moreover, when the assessment order is apparently erroneous so far as prejudicial to the interest of the Revenue having been decided by the AO in favour of the assessee without ascertaining or examining the same order passed by Ld. PCIT does not call for any interference by the Tribunal. - AT en-us Mon, 12 Sep 2022 11:23:39 +0530 Mon, 12 Sep 2022 11:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65586 Revision u/s 263 - Doctrine of merger - When the issue flagged by Ld. PCIT has never been ascertained/examined to compute the correct book profit qua the transfer of these shares there is no question of merger of the order. Moreover, when the assessment order is apparently erroneous so far as prejudicial to the interest of the Revenue having been decided by the AO in favour of the assessee without ascertaining or examining the same order passed by Ld. PCIT does not call for any interference by the Tribunal. - AT Highlights Income Tax Mon, 12 Sep 2022 11:23:39 +0530 https://www.taxtmi.com/highlights?id=65586