Action taken by AO cannot be treated as prejudicial to the interest of revenue unless it is unsustainable in Law: ITAT quashes Revision Order for lack of Jurisdiction [Read Order]

AO - Action taken by AO - Action taken by AO cannot be treated as prejudicial to the interest of revenue -ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that if due to an erroneous order of the AO, the revenue is losing tax lawfully payable by a person, it will certainly be prejudicial to the interest of the revenue. The assessment was completed by PCIT-1, Meerut under section 143(3) r.w.s. 147 of…

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