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Non-discussion of issue in assessment order doesn’t make it erroneous & prejudicial to interest of revenue
Case Law Details
- Case Name
- Ajay Engineering and Agricultural Equipment Company Vs PCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
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Ajay Engineering and Agricultural Equipment Company Vs PCIT (ITAT Pune)
ITAT Pune held that AO did not specifically discuss the five issues in the assessment order, however, assessment order does not satisfy the second condition of being prejudicial to the interest of the Revenue. Simply non-discussion of an issue in assessment order does not render an assessment order erroneous and prejudicial to the interest of the revenue.
Facts-
Invoking the powers u/s.263, the ld. Pr. CIT held the assessment order to be erroneous and prejudicial to the interest of the Revenue alleging dis...
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