PCIT's revision u/s 263 overturned; AO's assessment order found neither erroneous nor harmful to Revenue interests.

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....Revision u/s 263 - As per CIT penalty proceedings u/s.270A not initiated by AO - the assessment order passed by the AO is neither erroneous nor prejudicial to the interest of the Revenue and thus, we are of the considered view that the PCIT is erred in revising the assessment order u/s.263 of the Act. - AT....