CIT's Section 263 Revision Ruled Inapplicable; Assessment Order Not Erroneous or Prejudicial to Revenue's Interest.

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....Revision u/s 263 by CIT - Even after considering the amendment made by Finance Act, 2015 in the provisions of Section 263 widening the scope of its applicability and including non-proper enquiry within its fold, on perusal of facts and details submitted and in the circumstances of the case, the present issue is also not covered even considering the amended provisions. - the findings of the ld Pr. CIT about the assessment order being erroneous and prejudicial to the interest of Revenue lacks merit - AT....