No revision if assessment order was not prejudicial to interests of Revenue

Jitendra Patidar Vs Pr. CIT (ITAT Indore)

Conclusion: Provisions of section 263 could be invoked when twin conditions i.e. the assessment order was erroneous and prejudicial to the interest of Revenue were satisfied. Revision under section 263 could not be invoked if assessment order was not prejudicial to the Revenue.

Held: Assessment was completed by AO u/s 143(3) assessing the income at Rs. 2,98,060/-. Subsequently, CIT on going through assessment records found that certain points

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