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2022 (12) TMI 941 - AT - Income TaxRevision u/s 263 - As per CIT no enquiry which has been made by the AO on the applicability of provisions of section 115 BBE - HELD THAT:- The order passed by the AO is not erroneous and prejudicial to the interests of the Revenue. The issue which was the subject matter of 263 proceedings has been specifically discussed by the AO during the course of assessment and therefore it is not a case where there has been no enquiry which has been made by the AO on the applicability of provisions of section 115 BBE in the instant facts or that there has been a non-application of mind by the AO during the course of assessment proceedings. As observed that the amendment to provisions of section 115 BBE of the Act came into effect after survey was conducted on the assessee, and consequently, in the light of judicial precedents highlighted above, this is not a fit case for invoking the provisions of section 263 of the Act. Appeal of the assessee is allowed.
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