2022 (9) TMI 1596

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..... etion method following in respect of projects of Royal Home Town and Ellora Infratech - DR brought out the fact that the correction of the computational mistake would result in a proposition that the order of the AO is not erroneous and prejudicial to the interest of revenue - HELD THAT:- DR is fairly agreed that there is a mistake in computation. Hence, we are of the considered opinion and hold t .....

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..... se. 2. That, Id. PCIT has erred in assuming the jurisdiction u/s 263 on the basis that Id. AO failed to conduct enquiries and verification on the issue, though detai led enquiries are conducted on the issue and additions have already been made, which are pending before Id. CIT(A). 3. That, Id. PCIT erred on merits in directing to make an addition of Rs. 94,52,860 (2,61,23,620 - 1,66,70,760) which .....

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..... tage completion method following in respect of projects of Royal Home Town and Ellora Infratech. 4. The ld AR has succinctly brought out the fact that the correction of the computational mistake would result in a proposition that the order of the AO is not erroneous and prejudicial to the interest of revenue. 5. The ld DR is fairly agreed that there is a mistake in computation. Hence, keeping in v .....

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