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2015 (11) TMI 533 - ITAT VISAKHAPATNAMRevision u/s 263 - Held that:- The A.O. examined the issues on which the CIT assumed jurisdiction. The CIT assumes jurisdiction and revised the assessment order u/s 263 of the Act without pointing out any mistakes in the A.O’s order with a different opinion, which itself is not a ground for assuming jurisdiction u/s 263 of the Act. Therefore, we quash the CIT’s order u/s 263 and restore the assessment order passed by the assessing officer. - Decided in favour of assessee.
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