Held, that the Tribunal after considering the matter on record found that on all the issues the conclusions arrived at by the Assessing Officer were neither erroneous nor prejudicial to the interests of the Revenue. The Tribunal was right in setting aside the order of revision.(AY.2008-09)
CIT (LTU). v Canara Bank (2023)457 ITR 556 (Karn)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Order of assessment was neither erroneous nor prejudicial to Revenue-Revision is not valid. [S. 143(3)]