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2020 (9) TMI 245 - HC - Income TaxRevision u/s 263 - difference between the amount of service income on which tax is deducted by the service provider and income which is shown in the Profit and Loss account by the respondent assessee - as submitted that the Assessing Officer while framing the assessment under section 143(3) of the Act did not verify this aspect - ITAT quashed the order passed u/s 263 - HELD THAT:- PCIT has not considered the submissions made by the respondent – assessee and has arrived at conclusion with regard to the issue of less income as stated by him in the show-cause notice. However, the Tribunal after considering the submissions made by the respondent – assessee and on the basis of material on record has arrived at finding that because there was some difference in the service income as per the Profit & Loss account and as worked out based on TDS, the assessment order cannot be said to be erroneous and prejudicial to the interest of the Revenue. No substantial questions of law.
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