ITAT Mumbai Quashes PCIT’s 263 Order Passed Without Notice & Beyond Limitation

Hampi Expressways Pvt. Ltd. Vs PCIT (ITAT Mumbai) No Notice, No 263: Limitation Cannot Be Extended- Tribunal Strikes Down PCIT’s 263 Order Passed Without Hearing Hampi Expressways Pvt. Ltd., engaged in construction & maintenance of roads, rails, bridges & infrastructure, filed appeal against revisionary order passed u/s 263 by Pr. CIT, Mumbai on 31.03.2025 for AY 2020-21. Assessee had filed return declaring NIL income & assessment was completed u/s 143(3) r.w.s. 144B on 23.09.2022 accepting the return. Based on Revenue Audit objection in AY 2022-23 regarding depreciation claim on...