The order passed by the Assessing Officer was neither erroneous nor prejudicial to the interests of the Revenue and there was no question of invocation of revision jurisdiction by the Principal Commissioner under section 263 of the Act. (AY. 2014-15)
Harish H. Gandhi v. ACIT (2022)97 ITR 24 (SN) (Mum) (Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-A.O. satisfied with sale consideration after perusal of all documents-Circle rate less than sale consideration in all flats except one-Additions made to the extent of one flat-Not a case where enquiry not made-revision not justified. [S. 43CA]