CIT can’t exercise revisionary power against a well reasoned order for mere disagreement with AO’s view

 ITAT BANGALORE BENCH ‘B’ Infosys BPO Ltd. versus Assistant Commissioner of Income-tax  IT Appeal No. 222 (Bang.) of 2011 [Assessment year 2006-07] MAY 25, 2012 ORDER Jason P. Boaz, Accountant Member This appeal is directed against the order passed by the Commissioner of Income Tax, Bangalore-I, Bangalore dt. 20.01.2011 under section 263 of the Income Tax Act, 1961 (herein after referred as ‘the Act’) for the Assessment Year 2006-07. 2. The facts of the case, in brief, are as under : 2.1 The assessee is an Indian company engaged in the business of Bus...