The CIT must give reasons and basis for his conclusion that the order sought to be revised is erroneous

CASE LAWS DETAILS

DECIDED BY: ITAT MUMBAI C BENCH, MUMBAI, IN THE CASE OF: Crisil Ltd. Vs. Addl. CIT, APPEAL NO: ITA No. 3094/Mum/09, DECIDED ON June 25, 2010

ORDER

Per Pramod Kumar:

1. This is an appeal filed by the assessee and is directed against the order dated 30th March 2009 passed by the learned Commissioner under section 263 of the Income Tax Act, 1961. Grievances raised by the assessee are as follows:

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