Bench: Partha Sarathi Chaudhury & Dr. Dipak P. Ripote. आयकरअपीलसं. / Ita No.32/Pun/2021 िनधा"रणवष" / Assessment Year : 2015-16 Naryansingh Dongarsingh Patil, The Principal Khalchi Galli, Near Motha Maruti Vs Commissioner Of Mandir Sakari Deepnagar, Income Tax-2,Nashik. Bhusawal – 425307. Pan: Bglpp 3996 G Appellant/ Assessee Respondent /Revenue Assessee By Ms. J R Chandekar – Ar Revenue By Shri M. M. Chate –Dr Date Of Hearing 30/08/2022 Date Of Pronouncement 28/11/2022 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Isdirected Against The Order Of Ld.Principal Commissioner Of Income Tax-2, Nashik, Dated 30.03.2020For The A.Y. 2015-16 Under Section 263 Of The Act. The Assessee Has Raised The Following Grounds Of Appeal: “1. On The Facts & In The Circumstances Of The Case & In Law The Ld. Pr. Cit Was Not Justified In Holding The Assessment Order Of Pr. Cit-2, Nashik As Erroneous & Prejudicial To Interest The Interest Of Revenue Within The Meaning Of S. 263 Of The Act. Since On The Facts & Law S. 263 Does Not Apply The Order Passed By Pr. Cit-2 Nashik Be Quashed & Set Aside.

54B of the Act. In view of this the order of the A.O. was neither erroneous not prejudicial to the interest of Revenue. As such the order passed by Pr. CIT-2 Nashik under section 263 is not sustainable in law. It be quashed and set aside. 3. On the facts and in the circumstances of the case