PCIT's Section 263 invocation overturned due to lack of evidence on assessee's indirect expenses for exempt income u/s 14A.

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....Revision u/s 263 - disallowance u/s 14A r.w.r. 8D - the assessee has not incurred any indirect expenses to earn the exempt income and ld. PCIT has not brought any material to show that the assessee has incurred indirect expenses to earn the exempt income. - PCIT has erred in invoking the provisions of Section 263 - AT....