Revisional Jurisdiction cannot be invoked if no error in order of AO

Long Life Realtors LLP Vs PCIT (ITAT Mumbai)

We find that even the CBDT Advisory dated 14.12.2018 did not point out that the recognition granted to the Donee Trust u/s 35(1)(ii) of the Act had been withdrawn. In view of the aforesaid Taxation Laws (Amendment) Act, 2006, the bonafide belief of the ld. AO while framing the assessment on 13.11.2018 that the approval sought by the Donee Trust is existing in perpetuity cannot be faulted or doubted in the instant case. Admittedly, the CBDT Advisory to the field officers was issued only on 14.12.2018, which is

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