When assessee sub-contracts work in progress and AO examines all the claims u/s 143(3), in such a situation, CIT is not right in invoking revisionary powers u/s 263

Pyramid Infrastructure Pvt. Ltd. Vs DCIT (ITAT Hyderabad) – The issues taken up by the CIT for revision of assessment under section 263 of the Act, namely, work-in-progress & closing stock, opening stock, and dis-allowance of expenditure on account of various heads, have already been considered by the assessing officer in the assessment proceedings under section 143(3) of the Act.

Therefore, in our considered opinion, the CIT is not justified in making these issues as a

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