Revision u/s. 263 quashed as plausible view taken by AO in allowing claim of interest u/s. 24b

Raghav Bahl Vs DCIT (ITAT Delhi)

ITAT Delhi held that claim of interest u/s. 24b of the Income Tax Act was duly examined during original as well as reassessment proceedings. Thus, the plausible view having been taken by the AO cannot be held to be prejudicial to the interests of Revenue. Accordingly, revisionary order passed u/s. 263 quashed.

Facts- PCIT upon verification of the order passed u/s 153A/143(3) of the Act that the said assessment was erroneous in so far as it was prejudicial to the interest of the revenue in as much as necessary enquiries or ver

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