The Tribunal held that the Principal Commissioner had passed the order after due application of mind to the facts of the case, analysis of the original assessment order, specifically observed that the claim of the assessee was allowed without analysis of facts of the case. There was no infirmity in the order passed by the Principal Commissioner under section 263 of the Act. (AY. 2012-13).
Gujarat Fisheries Central Co-Operative Association Ltd. v. PCIT (2022)97 ITR 9 (SN)(Ahd) (Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deduction for interest on deposits kept with banks allowed-Revision justified. [S.80P].