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2014 (1) TMI 641 - AT - Income TaxValidity of revision order u/s 263 – Held that:- The provision "cannot be invoked to correct each and every type of mistake or error committed by the Assessing Officer" and "it is only when an order is erroneous then the section will be attracted - The AO did not discuss/consider various issues pointed out by the Ld CIT in his revision order - the decision taken by Ld CIT in setting aside the assessment order on the impugned issues is in accordance with the law - The Ld CIT has directed the assessing officer to do the assessment on the lines discussed by him - Such a direction infringes with the power entrusted to the assessing officer by the Statute – Partly allowed in favour of assessee.
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