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2016 (7) TMI 614 - AT - Income TaxRevision u/s 263 - Held that:- CIT did not make any specific observation as to how the order of the AO is erroneous and prejudicial to the interest of Revenue as it is a condition precedent to invoke the jurisdiction under section 263 of the Act. Therefore, in the absence of such observation, the impugned order before us is not in accordance with law. - Decided in favour of assessee
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