Assessment Order passed after making necessary Inquiries can’t be ‘Erroneous’: ITAT quashes Revisional Order [Read Order]

Assessment order - ITAT - Revisional Order - taxscan

While quashing the revisional order passed by PCIT the Rajkot bench of the Income Tax Appellate Tribunal held that the assessment order passed after making necessary inquiries can’t be “Erroneous’. The assessee is a partnership firm engaged in the business of Real Estate. The PCIT found that the assessee has shown the gross value of…

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