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2016 (7) TMI 12 - AT - Income TaxRevision u/s 263 - non inclusion of income from shareholders account - Held that:- Not only was the AO aware about the method of aggregation followed by the assessee, he had also taken a lawful and possible view. In the circumstances we do not find any error in the order of the AO which can be vested by a Section 263 jurisdiction. The twin conditions viz., there should be an error and such error should be prejudicial to the interests of Revenue are not satisfied. We have no hesitation in setting aside the order of CIT - Decided in favour of assessee
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