Revision u/s. 263 of Income Tax Act not possible on guess work

Vanishree Holabasu Shettar Vs PCIT (ITAT Bangalore)

ITAT Bangalore held that before setting aside the matter the PCIT must have some material which would enable to form prima facie opinion that the order passed by the AO is erroneous in so far as it is prejudicial to the interest of the Revenue. Revision under section 263 of Income Tax Act not possible on guess work.

Facts-

The assessment of the assessee was completed u/s. 143(3) of the

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