Non-Speaking Section 263 Revisional Order not maintainable

Rajdhani Transport Company Pvt. Ltd. Vs PCIT (ITAT Amritsar)

In this case Section 263 order was passed only on the basis of the non-appearance of assessee and non submission of the document during the proceeding. Section 263 is moved up by two limbs, one erroneous order and second is prejudicial to the interest of the revenue. The ld. PCIT had not taken proper cognizance to discuss the issue and applicability of section 263 in relation to the order of the ld. Assessing Officer. A non speaking order was passed. The ld. CIT-DR

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