Section 263 notice is invalid if the original order ceases to exist: ITAT Jaipur

Dinesh Kumar Chaurasia Vs ACIT (ITAT Jaipur) The case of Dinesh Kumar Chaurasia vs. ACIT (ITAT Jaipur) revolved around the invocation of Section 263 of the Income Tax Act, 1961, by the Principal Commissioner of Income Tax (PCIT). The order under Section 263 was challenged on the grounds that the assessment order it sought to revise was no longer valid. The case pertained to Assessment Year (AY) 2013-14, involving issues of unexplained investments and protective additions. The assessee argued that the Section 263 notice was invalid because it targeted an assessment order under Section 147, whic...