CIT subsequently invoked Section 263 and held that the assessment order was erroneous insofar as it was prejudicial to the interests of the Revenue. The ITAT concluded that the Assessing Officer had conducted proper inquiry and verification and that no mistake had been committed in the assessment order. It therefore held that the assessment order was not erroneous insofar as it was prejudicial to the interests of the Revenue. 117/Gau/2019M/s AIC Iron Industries Pvt Ltd vs Pr.CIT, Kolkata (ITAT), ITA No.1332/kol/2019DVC Emta Coal Mines Ltd &Ors Vs ACIT (ITAT), ITA Nos. On the facts and circumstances of the case, the assessment order passed by the AO u/s.