PCIT Empowered to Revise Incomplete Assessments—Failure to Tax Entire Survey Disclosure Held Prejudicial to Revenue

Manmandir Cloth Centre Vs PCIT (ITAT Pune) The Income Tax Appellate Tribunal (ITAT), Pune Bench, dismissed an appeal filed by Manmandir Cloth Centre, a partnership firm, challenging an order from the Principal Commissioner of Income Tax (PCIT), Nashik-1, related to Assessment Year 2019-20. The firm’s appeal was dismissed after repeated non-appearance by the assessee during multiple hearing dates, leading the Tribunal to decide the matter based on the available record and arguments from the Departmental Representative (DR). The case stemmed from a survey action conducted under Section 133A of...