Order passed after due application of mind cannot be subjected to proceeding u/s. 263

Shri Keshoraipatan Sahkari Sugar Mills Ltd. Vs PCIT (ITAT Jaipur)

We find that the assessment was taken up for scrutiny under CASS to examine the deduction claimed chapter VIA for limited purpose and on this issue, there is finding of the ld. AO in the assessment order. Yet, learned PCIT has subjected the assessment order to revision proceedings on the short ground that the Assessing Officer passed the assessment order is erroneous in so far as it prejudicial to the interest of revenue for the purpose of section 263 of the A

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