Principal CIT has  initiated the revision proceedings under S.  263 under the misconceived impression that the assessee has not disclosed the sale of two properties. Tribunal held that  the AO confirmed in his remand report that the sales of both the properties have been duly recorded in the assessee’s books of accounts. The tribunal held that  the assessment order cannot be said to be erroneous.  Revision order was quashed.  (AY.2014-15)