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No Inquiry, No Jurisdiction: PCIT Revision Under Section 263 Invalid
Case Law Details
- Case Name
- Aahana Sales Private Limited Vs PCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
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Aahana Sales Private Limited Vs PCIT (ITAT Ahmedabad)
PCIT Must Investigate, Not Assume: 263 Order Set Aside for Lack of Inquiry-Mere Allegation of ‘Inadequate Inquiry’ Not Enough-PCIT Cannot Revise Without Making Any Inquiry
Ahmedabad Tribunal quashed the revisionary order passed u/s 263. PCIT had set aside the reassessment order (passed u/s 147 r.w.s. 144 & 143(3)) on the ground that AO failed to properly verify packing expenses of ₹43.85 lakh & sales promotion expenses of ₹46.78 lakh, & had allegedly not examined evidences relating to transactions with M/s Shreenath Tr...
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