Held that the revision was initiated on the basis of the Assessing Officer sending a proposal to the Commissioner and not on the Commissioner suo motu calling for and examining the record of the assessment proceedings and thereafter considering the assessment order erroneous and prejudicial to the interests of the Revenue. Order was illegal and quashed. (AY.2012-13)
Alfa Laval Lund Ab v. CIT(IT) (2021) 92 ITR 4 (SN) / (2022) 210 DTR 313 (Pune)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Revision based on proposal of Assessing Officer recommending a revision is illegal. [S. 143(3)]