https://www.taxtmi.com/highlights?id=68510 Revision u/s 263 - Scope of audit objection - The entire exercise seems to have been done because of audit objection only. Since, the Assessing Officer had duly enquired about the matter and was satisfied with the explanation given by the assessee, the ld. PCIT, in our view, has wrongly exercised his revision jurisdiction on the issue which is nothing but change of opinion, that too, at the instance of audit party. - AT en-us Tue, 28 Feb 2023 11:35:53 +0530 Tue, 28 Feb 2023 11:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68510 Revision u/s 263 - Scope of audit objection - The entire exercise seems to have been done because of audit objection only. Since, the Assessing Officer had duly enquired about the matter and was satisfied with the explanation given by the assessee, the ld. PCIT, in our view, has wrongly exercised his revision jurisdiction on the issue which is nothing but change of opinion, that too, at the instance of audit party. - AT Highlights Income Tax Tue, 28 Feb 2023 11:35:53 +0530 https://www.taxtmi.com/highlights?id=68510