Order passed after due examination of issue cannot be called erroneous & prejudice to interest of Revenue

Advocate Akhilesh Kumar Sah M/s Pricewater House Coopers Sp.z.o.o. Vs. CIT (ITAT Kolkata) When all the requisite details were already on record with supporting evidences and the same were duly examined by the AO,  the order of the AO was not erroneous and prejudice to the interest of the Revenue. In Pricewater House Coopers Sp.z.o.o. (c/o Pricewater House Coopers Pvt. Ltd.) vs. CIT (IT&TP), Kolkata [I.T.A No. 62/Kol/2016 AY: 2011-12, decided on 01.08.2018], the assessee agitated the validity of invoking revisionary jurisdiction by the CIT under section 263 of the Income Tax Act, 1961 (f...