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2017 (11) TMI 1684 - HC - Income TaxRevision u/s 263 - non-existence of twin conditions - an order which is erroneous and prejudicial to the interest of the Revenue. - Held that:- ITAT is correct in observed that, the verification done by the AO is also to be treated as proper unless some specific instruction or prescription of a particular section of the Act has not been carried by the AO or else the AO has not conducted enquiry as demanded by law. In our considered opinion, this is not such a case. The twin conditions of Section 263 as discussed above in detail are not found to coexist. - Decided against the revenue.
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