Exercising of revisional jurisdiction in a mechanical & cavalier manner is unsustainable

Soma Enterprise Limited Vs PCIT (Central) (ITAT Mumbai)

ITAT Mumbai held that AO duly verified the TDS credit and assessee duly explained as to why certain receipts though subjected to TDS, would not be liable to be offered to tax such as mobilization advance. Ignoring the same and exercising the revisional jurisdiction u/s 263 in a mechanical and cavalier manner is unsustainable

Facts- Post search operations, AO specifically stated that the credit for Please become a Premium member. If you are already a Premium member, login here to access the full content.