Incorrect assumption of facts, or incorrect application of law can only satisfy the requirement of the order being erroneous

Gist of Decision: It is a case where while examining the claim of the assessee regarding advertisement and publicity a question was put by the AO to the assessee and a detailed reply was submitted along with necessary details and in such a situation, where the AO has enquired into an issue and being satisfied not made any addition, there is no requirement in law to make a detailed discussion of that issue in the assessment order passed by the AO an enquiry was put by the AO and detailed reply was given and after being satisfied the AO had accepted the claim of the assessee. The view adopted by...