REVISION
Court :
Tribunal
Brief :
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.
Citation :
T.K.International Ltd Vs. A.C.I.T
Revision
T.K.International Ltd Vs. A.C.I.T 30/07/2004
(2005)275 ITR 101( I.T.A.T - Cuttack Bench)
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.
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.Saibaburao Nanduri
Published in Income Tax
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