Invocation of revisionary proceedings u/s 263 merely because of non-agreeing to the view of AO is unjustified

Bonjour Estates (P) Ltd. Vs PCIT (ITAT Delhi)

ITAT Delhi held that PCIT is not empowered to invoke revisionary proceedings u/s. 263 of the Income Tax Act, merely because he is not agree with the view taken by the AO. Accordingly, revisionary proceedings bad in law.

Facts- The ground of appeal relates to validity of revisionary proceedings initiated by Ld. PCIT-1 u/s. 263 of the Income Tax Act 1961.

It is submitted that the assessee for A

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