Revisionary power u/s. 263 not sustainable as there is neither error of law nor of facts

Ajay Agarwal Vs Circle (ITAT Jaipur) 

ITAT Jaipur held that since there is neither error of law nor of facts, the twin condition as required to revise the assessment order is not met out and hence invocation of revisionary power under section 263 of the Income Tax Act is not sustainable in law.

Facts- Post completion of assessment u/s. 143(3), PCIT called for the assessment records in exercise of the powers vested upon and upon verification of the assessment record the ld. PCIT noted that the assessment in the case

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