Sec. 261 of Income-tax Act, 1961 — Appeal — The conclusions drawn by the AO were found to be correct and it was found that the lower appellate authorities had erred in interfering with such conclusions, the appeal was, therefore, allowed and the order passed by the AO was restored— NRA Iron & Steel (P) Ltd. vs. PR. CIT [2020] 313 CTR 1 (SC)