GSP Crop Science Ltd. Vs PCIT (ITAT Ahmedabad)Section 263 Can’t Be Invoked Without Specific Error: Mere Verification Direction Not Enough- ITAT Ahmedabad Quashes 263 RevisionAssessee had filed return declaring income of Rs.11.55 crore. 5,26,89,087/- for AY 2018-19, whereas the eligible amount as per the assessment order of that year was Rs. CIT, after satisfying the twin conditions under section 263 that the assessment order was both erroneous and prejudicial to the interest of revenue set aside the original assessment order. However, Principal CIT set aside the assessment order on this issue without even looking into the contents of Form 3CL. Accordingly, the impugned order passed under section 263 of the Act is hereby quashed and the assessment order passed by the Assessing Officer is restored.