CIT Must Record Specific Reasons for Error in Assessment Order u/s 263 to Deem It Erroneous.
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....Revision of Assessment order u/s 263 - An order is not erroneous, unless the CIT hold and records reasons why it is erroneous - An order will not become erroneous because on remit, the Assessing Officer may decide that the order is erroneous - HC....
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