Revisional Order not valid if no finding by PCIT that order of AO is erroneous or prejudicial to interest of revenue

Kalyani Seetharaman Vs ACIT (ITAT Chennai)

ITAT noted that the PCIT has not at all given a finding that the order of the AO i.e., the assessment order is erroneous or prejudicial to the interest of revenue and how. We have already noted the finding of PCIT in above para 4 and noted that simple assumption made by PCIT is that to verify the facts and pass assessment order but the PCIT has nowhere recorded the fact that how the assessment order is erroneous so as to prejudicial to the interest of the revenue. The case law cited

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