Allowing the appeal the Tribunal held that the Assessing Officer has examined the details of expenses in the course of assessment proceedings. Revision was held to be not valid. (AY. 2015-16)
Shringar Marketing (P.) Ltd. v. PCIT (2021) 190 ITD 16 (Kol.)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Exempt income-Expenses was verified in the original assessment proceedings-Revision was held to be not valid. [S. 14A, R. 8D]