No section 263 revision by PCIT based on borrowed satisfaction

Since the revision proceedings u/s 263 had been apparently triggered only based on borrowed satisfaction i.e Audit Objection and not based on independent application of mind by PCIT therefore, the revision order passed by PCIT u/s 263 was hereby directed to be quashed.

from TaxGuru https://ift.tt/3wIhHsg
via IFTTT