No Incriminating Material, Section 263 Cannot Override 153A Order

Shamkant Keshav Kotkar (Prop. Nandan Builders) Vs PCIT (Central) (ITAT Pune) 153A Can’t Travel Without Incriminating Evidence; Dumb Document, No Date, No Name: PCIT Loses in s.263 Proceedings Unabated Year, No Incriminating Material: Cash Loan Allegation Too Vague: ITAT Strikes Down PCIT Revision u/s 263 The Pune Bench “B” of the ITAT, vide order dated 31.12.2025 in Shamkant Keshav Kotkar (Prop. Nandan Builders) v. PCIT (Central), Pune (ITA No.1358/PUN/2025; AY 2017-18), allowed the assessee’s appeal and quashed the revisionary order passed u/s 263, holding that the assessment framed ...