https://www.taxtmi.com/highlights?id=72638 Revision u/s 263 - The principal of the law emanating that when two views are legally possible and AO adopts one view the Assessment Order cannot be said to be erroneous for the CIT to invoke jurisdiction u/s 263. In this case the AO has taken one of the possible Legal View. Hence, the Assessment Order is not erroneous and prejudicial to the interest of the revenue. - AT en-us Thu, 19 Oct 2023 10:01:49 +0530 Thu, 19 Oct 2023 10:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72638 Revision u/s 263 - The principal of the law emanating that when two views are legally possible and AO adopts one view the Assessment Order cannot be said to be erroneous for the CIT to invoke jurisdiction u/s 263. In this case the AO has taken one of the possible Legal View. Hence, the Assessment Order is not erroneous and prejudicial to the interest of the revenue. - AT Highlights Income Tax Thu, 19 Oct 2023 10:01:49 +0530 https://www.taxtmi.com/highlights?id=72638