Revision jurisdiction u/s 263 on mere conjectures, suspicions & surmises not permissible

Saurashtra Trust Janmabhoomi Bhavan Vs CIT (ITAT Mumbai) ITAT Mumbai held that plausible view of AO cannot be held as erroneous by ld. CIT(E) without conducting necessary enquiries or verification. Accordingly, initiated of revision jurisdiction u/s 263 on mere conjectures, suspicions and surmises, which is not permitted. Facts- This is an appeal preferred by the assessee trust against the order of the Ld. Commissioner of Income Tax (Exemptions) [CIT(E)] passed u/s. 263 of the Income Tax Act, 1961. The main grievance of the assessee is against invocation of revisional jurisdiction by Ld. CIT(E...