Jurisdiction under section 263 of the Income Tax Act cannot be invoked simply

Jurisdiction under section 263 of the Income Tax Act cannot be invoked simply

Jurisdiction under section 263 of the Income Tax Act cannot be invoked simply because the PCIT has a different opinion in the matter. If the Assessing Officer acts in accordance with the law and makes a certain assessment, the same cannot be branded as erroneous by the Commissioner simply because, according to him, the order should have been written more elaborately.



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