https://www.taxtmi.com/caselaws?id=752679 ITAT Patna quashed the revisionary order u/s 263 where Pr. CIT revised an assessment order u/s 153A without first revising the approval u/s 153D. The tribunal held that when AO obtained prior approval u/s 153D and conducted detailed enquiry taking a legally permissible view, Pr. CIT cannot assume jurisdiction u/s 263. The Pr. CIT failed to conduct independent enquiry and merely referred to documents already examined by AO. Since the assessment order was neither erroneous nor prejudicial to revenue interest, the revisionary proceedings were invalid. The original assessment order u/s 153A/143(3) was restored. en-us Mon, 13 May 2024 00:00:00 +0530 Wed, 15 May 2024 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752679 ITAT Patna quashed the revisionary order u/s 263 where Pr. CIT revised an assessment order u/s 153A without first revising the approval u/s 153D. The tribunal held that when AO obtained prior approval u/s 153D and conducted detailed enquiry taking a legally permissible view, Pr. CIT cannot assume jurisdiction u/s 263. The Pr. CIT failed to conduct independent enquiry and merely referred to documents already examined by AO. Since the assessment order was neither erroneous nor prejudicial to revenue interest, the revisionary proceedings were invalid. The original assessment order u/s 153A/143(3) was restored. Case-Laws Income Tax Mon, 13 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752679