https://www.taxtmi.com/highlights?id=75287 Revision u/s 263 - The ITAT observed that there was no evidence of lack of enquiry by the Assessing Officer regarding the claim of deduction under Section 57. The case was opened for limited scrutiny, and the assessee had responded to queries during assessment proceedings. - The tribunal held that the PCIT erred in holding the assessment order as erroneous and prejudicial to the interest of the revenue. Revision order quashed. en-us Thu, 29 Feb 2024 07:55:34 +0530 Thu, 29 Feb 2024 07:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75287 Revision u/s 263 - The ITAT observed that there was no evidence of lack of enquiry by the Assessing Officer regarding the claim of deduction under Section 57. The case was opened for limited scrutiny, and the assessee had responded to queries during assessment proceedings. - The tribunal held that the PCIT erred in holding the assessment order as erroneous and prejudicial to the interest of the revenue. Revision order quashed. Highlights Income Tax Thu, 29 Feb 2024 07:55:34 +0530 https://www.taxtmi.com/highlights?id=75287