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Principal Commissioner's Order Quashed: Section 263 Revision Deemed Non-Prejudicial to Revenue Interests Under Income Tax Act.

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....Revision u/s 263 - tax liability under the normal provision of the Act and u/s 115JB Minimum Alternate Tax - the order of the AO may be erroneous but it is not prejudicial to the interest of the revenue - the order passed by the ld. PCIT quashed.....

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