Passing assessment order without examining non-allowable expenses makes assessment order erroneous

Brief of the case:

• The Hon’ble Kerala High Court in the case of M/s Asianet Satellite Communications Ltd. held that passing assessment order without examining expenses by Assessing Officer which ought not to allowed is a clear case of an assessment order erroneous in so far as prejudicial to the interests of revenue.
• Therefore, the initiation of revisionary proceedings u/s 263 by Commissioner is justified in law.

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