Revision u/s. 263 not justifiable as AO took most plausible view

Booking.Com India Support & Marketing Services Private Limited Vs PCIT (ITAT Mumbai) ITAT Mumbai held that revisionary proceeding under section 263 of the Income Tax Act not justifiable when AO has taken most plausible view. Accordingly, appeal is allowed to that extent. Facts- The present appeal has been preferred by the assessee. The sum and substance of the grievance of the assessee is that the ld. PCIT erred in assuming jurisdiction conferred upon him by the provisions of Section 263 of the Act and further erred in holding that the assessment order dated 05/09/2022 framed u/s 143(3) r....