Revision u/s. 263 for mere non-production of certificate in Form 3CL not justified

Trivitron Healthcare P Ltd. Vs PCIT (ITAT Chennai)

ITAT Chennai held that PCIT cannot term order passed by AO as erroneous and prejudicial to the interest of revenue merely for non-production of Form 3CL for claiming weighted deduction under section 35(2AB) of the Income Tax Act. Thus, revisionary proceedings u/s. 263 unjustified.

Facts- The only issue in the appeal of assessee is as against the revision order passed by the PCIT u/s.263 of the Act that he failed to satisfy the twin conditions i.e., for order passes by the AO u/s.143(3) of the Act, is erroneo

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