Section 263 CIT cannot direct AO to decide issue afresh to make rowing enquiry

M/s Aadhar Rice Mills Pvt. Ltd. Vs ITO (ITAT Ranchi)

I failed to understand on which basis the ld. Pr. CIT held that the assessment order dated 27.12.2016 is erroneous or prejudicial to the interest of revenue without calling and perusing the relevant assessment records an merely on the basis of proposal for revision sent to him by the ITO, Ward-1, Ranchi. From the assessment order dated 27.12.2016, I also observe that at page 3, the AO has examined the claim of the assessee u/s.80IB of the Act and thereafter held that the a

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