Revision u/s 263 unsustainable for mere difference of view

Rits Jewellers Pvt. Ltd. Vs PCIT (ITAT Delhi)

ITAT Delhi held that where two views are possible and AO adopted the one which Commissioner doesn’t agree then in such case revision under section 263 of the Income Tax Act not permissible for mere difference of view.

Facts-

An order u/s 263 of the Act came to be passed against the assessee on 29/03/2019 by the Principal Commissioner of Income Tax, Faridabad (“PCIT”) declaring that the assessment order passed u/s 1

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