ITAT set-aside sec. 263 order as CIT failed to prove that order of AO was erroneous amp; prejudicial to interest of revenue

INCOME TAX : Where Assessing Officer during course of original assessment verified all transactions of purchase/sales/stock of shares in case of assessee and made disallowance under section 14A read with rule 8D(2), Commissioner having failed to make out that order of Assessing Officer was erroneous as well as prejudicial to interest of revenue, order passed under section 263 was to be set aside

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