Revision order u/s. 263 quashed as AO took plausible view after proper application of mind

Godrej Agrovet Limited Vs PCIT (ITAT Mumbai) ITAT Mumbai held that revisionary order passed u/s. 263 of the Income Tax Act cannot be sustained to the extent AO duly examined the issue during scrutiny assessment proceedings and plausible view taken after proper application of mind. Facts- The assessee is engaged in the business of manufacturing of agricultural products, animal feeds, integrated portal business, crude palm oil, and trading of agricultural products. The assessee has filed the present appeal against the impugned order dated 29/02/2024, passed under section 263 of the Income Tax Ac...