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AO’s Plausible View Cannot Be Replaced by PCIT’s Suspicion – ITAT Quashes Revision
Case Law Details
- Case Name
- Anil Kumar Batar Vs PCIT (ITAT Jaipur)
- 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 Jaipur
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Anil Kumar Batar Vs PCIT (ITAT Jaipur)
No Second Chance for Fishing Enquiry- AO’s Plausible View Cannot Be Replaced by PCIT’s Suspicion- PCIT Cannot Step into AO’s Shoes: Jaipur Tribunal Quashes Revision
Background
Original assessment completed u/s 147 r.w.s. 144B on 18.03.2023 at returned income of ₹19,89,250.
Issue: During survey, it was found that Matrix JEE Academy (tenant) had allegedly paid ₹75,00,000 cash advance to assessee for building construction.
AO in reassessment proceedings (u/s 148) considered assessee’s replies, accepted declared income, & made no addition on ...
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