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Pune ITAT Quashes Section 263 Revision; Detailed AO Enquiry Bars Revision on Mere Change of Opinion
Case Law Details
- Case Name
- Birmole Medical Foundation Trust Vs CIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
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Birmole Medical Foundation Trust Vs CIT (ITAT Pune)
Pune ITAT Quashes Section 263 Revision; Detailed AO Enquiry Bars Revision on Mere Change of Opinion
The Pune ITAT quashed the revision order passed under section 263, holding that where the Assessing Officer had conducted specific and detailed enquiries on the issue under scrutiny and taken a plausible view, the Commissioner could not invoke revisionary jurisdiction merely because he felt further enquiry was warranted.
The assessee, Birmole Medical Foundation Trust, had advanced ₹1.03 crore to its trustee, Dr. Bhagwan Birmo...
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