https://www.taxtmi.com/highlights?id=73917 Revision u/s 263 - PCIT partially looking into the assessment records and initiated the Revision proceedings on the ground that the assessee failed to submit evidences in support of the expenses, which is factually incorrect. Unless both the ingredients i.e order must be erroneous in nature; and the error must be such that it is prejudicial to the interest of Revenue are present in a given case, it is not legally permissible for a Commissioner to initiate suo motu proceeding u/s 263 - AT en-us Wed, 03 Jan 2024 08:15:02 +0530 Wed, 03 Jan 2024 08:15:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73917 Revision u/s 263 - PCIT partially looking into the assessment records and initiated the Revision proceedings on the ground that the assessee failed to submit evidences in support of the expenses, which is factually incorrect. Unless both the ingredients i.e order must be erroneous in nature; and the error must be such that it is prejudicial to the interest of Revenue are present in a given case, it is not legally permissible for a Commissioner to initiate suo motu proceeding u/s 263 - AT Highlights Income Tax Wed, 03 Jan 2024 08:15:02 +0530 https://www.taxtmi.com/highlights?id=73917