REVISION

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.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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