Revision proceedings u/s. 263 set aside as AO already made proper enquiry and examination

Surya Roshni Limited Vs PCIT (ITAT Delhi) ITAT Delhi held that revisionary proceedings under section 263 of the Income Tax Act is not justifiable since proper enquiry and examination was made and therefore, there is no error in the order of the AO thus, it is not pre-judicial to the interest of the Revenue. Facts- The assessee is engaged in the business of manufacturing of steel tubes, pipes, cold rolled strips, different variety of lamps and allied items and the assessment was completed u/s 143(3) vide order dated 09.12.2016 on return of income. During the year under appeal, in terms of the o...