Invocation of section 263 unjustified as all the details furnished during scrutiny assessment

Agrani Buildestate Vs PCIT (ITAT Jaipur) ITAT Jaipur held that invocation of section 263 of the Income Tax Act unjustified as all the details were furnished by the assessee during scrutiny assessment and assessment was completed after detailed enquiry. Facts- The assessee firm was engaged in the business of letting out of properties. The firm also rendered various services like provision of security services, lift maintenance, upkeep of properties and cleaning services, etc. The case of the assessee was selected for scrutiny. AO being convinced passed the assessment order. Thereafter, the PCIT...