CIT justified in invoking revisionary jurisdiction in PwC case

M/s Pricewaterhouse Coopers Pvt. Ltd. Vs ACIT (ITAT Kolkata) Facts of the case The brief facts off this issue is that the assessee is in the business of providing , inter alia, management consultancy services and also accounting and business advisory services. The company’s operations are aggregared into different line of services like advisory and taxation services. The assessee filed its return of income electronically for the Asst Year 2010-11 on 30.3.2012 declaring taxable income of Rs 33,70,69,038/- . The assessee filed its audited accounts, tax audit report, computation of total incom...