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Assessment By AO Can't Be Termed As Prejudicial To Interest Of Revenue If It Doesn't Result In Any Loss To Revenue: Indore ITAT

On finding that the facts of the case do not warrant application of section 263 of the Income Tax Act, the Indore ITAT set aside the revision order passed by PCIT and restored the original . ....

Madhya Pradesh , Vijay Pal Rao , Manoj Fadnis , Honble Rajasthan High Court , Judicial Member , Accountant Member , Hon Ble Rajasthan High , Indore Itat , Ection 263 Of The Income Tax Act , Set Aside The Revision , Restored The Original Assessment Order , Nterest Of Revenue , Xcess Stock , Section 69 69a 115bbe ,