Case Law Details
Case Name : Pravardhan Seeds (P) Ltd. Vs ACIT (ITAT Hyderabad)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Hyderabad
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Pravardhan Seeds (P) Ltd. Vs ACIT (ITAT Hyderabad)
Conclusion: CIT should not stop merely on finding that the order was erroneous but also had to establish that the order of AO was prejudicial to the interests of revenue. Thus, revision could not be made in such a case and the order of AO was restored.
Held: CIT observed that AO did not examine the fact that whether the production of seeds by adopting planned, scientific and specialised procedure in departure from basic agricultural o
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