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Court :

Brief :
Case Fact: Whether mere opinion of the commissioner that the order is prejudicial to the interest of revenue leads to revision of the order passed by A.O.

Citation :
T.K.International Ltd Vs. A.C.I.T

Decision: Held by the Tribunal that,the conclusion of the A.O can not be termed as erroneous simply on the basis of an opinion which is framed in the mind of the Commissioner that the conclusion is prejudicial to the interest of revenue unless there is adequate proof for that

CA. A. Kumar
on 07 July 2008
Published in Income Tax
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