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2016 (1) TMI 318 - HC - Income TaxRevision u/s 263 - Held that:- In the case in hand, as we find, the Income Tax Officer, pursuant to the directions of DRP, had adopted one of the courses permissible in law and as we find that the factors relevant for exercise of power under section 263 were absent and the order passed by the Commissioner does not deal with the contentions of the assessee and does not record how and in what manner the assessment order passed by the Assessing Officer was erroneous and prejudicial to the interests of the Revenue, which the Tribunal had taken note of, we are of the view that the impugned order passed by the Tribunal calls for no interference. Hence the application is dismissed. Accordingly, the appeal is not admitted
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