Section 263 revision without recording errors found in order is unsustainable

Diamond Beverages Private Limited Vs Pr. CIT (ITAT Kolkata)

Held that Commissioner should not simply relegate the point that the assessment order is erroneous to the AO. The Commissioner, after analyzing the record, ought to have recorded a categorical finding and provided valid reasons as to how the assessment order is erroneous. Revision unsustainable

Facts-

The assessee had incurred a sum of Rs.7,50,000/- as Corporate Social Responsib

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