Revision Invalid Where New Issues Added Beyond 263 Notice: ITAT Mumbai

Perfect Filaments Ltd. Vs PCIT (ITAT Mumbai) Revision Invalid Where New Issues Added Beyond 263 Notice – ITAT Strikes Down PCIT’s Expansion of 263 Without Notice Assessee, engaged in manufacturing dyed polyester yarn, filed return declaring ₹16.91 crores income. AO completed scrutiny assessment on 02.09.2022 accepting return. PCIT issued 263 notice on 03.03.2025 alleging three errors: (a) wrong claim of ₹92.01 lakhs as deduction being interest on delayed TDS; (b) omission to disallow ₹6.87 lakhs interest u/s 201(1A)/206C(7); (c) ineligible 80G claim of ₹4.77 lakhs on CSR expenditur...