CIT Invokes Section 263 on Interest Waiver in Book Profit; Assessment Order Not Flawed or Detrimental to Revenue.

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....Adding back of interest waiver to the book profit u/s. 115JB - CIT invoked the provisions of section 263 - the Assessing Officer having computed the income of the assessee in accordance with the normal provisions of the Act, thus cannot hold that the assessment order passed is erroneous so far as prejudicial to the interest of revenue - AT....