Assessing Officer's Order u/s 143(3) Deemed Erroneous; Revision Required u/s 263 for Revenue Protection.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The order passed by the AO u/s 143(3) making addition by applying wrongly the peak redit theory without enquiring in to all the relevant aspects was erroneous as well as prejudicial to the interests of the Revenue, calling for revision u/s 263 - AT....