The Hon’ble Tribunal held that A.O. took a possible view after conducting proper enquiries, in line with order of the Tribunal. Thus, the revision was quashed. (AY. 2016-17)
Prerak Goel v. PCIT (2023)101 ITR 30 (SN)(Mum) (Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Possible view taken by A.O. after pursuing all the evidences-In line with view taken by Tribunal-Revision not warranted. [S.2(47)(v), 54F, 143(3), Transfer of Property Act, 1882, S. 53A]