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Sec. 263 of Income Tax Act, 1961— Revision - An erroneous order would be an order which suffers from a patent lack of jurisdiction. Prejudicial to the interest of the revenue would mean an erroneous order which goes against the interests of revenue. Therefore, both the conditions must pre-exist to exercise revision u/S: 263 of the Act. Since, the assessment order passed by the AO is neither prejudicial to the interest of the revenue nor an erroneous, invoking of exercise under section 263 of IT Act ,1961 is unjustified. - TATA MOTORS LTD. V/s DEPUTY CIT -  184 ITD 680 (ITAT-MUMBAI)