ITAT Mumbai Upholds 263 Revision for allowing Tax Deductions without Proper Inquiry

Anuh Pharma Ltd. Vs PCIT (ITAT Mumbai) CSR Deduction u/s 80G Disputed -Cooling Tower is Not Automatically Power – ITAT Mumbai Endorses 263 Revision-Lack of Proper Inquiry Fatal – ITAT Confirms PCIT Action Against AO’s Order; ITAT Mumbai upheld revisionary order u/s 263 against assessee, holding that AO failed to conduct proper inquiry into two key claims, namely deduction u/s 80IA on “cooling power” generated from cooling tower & deduction u/s 80G on CSR donations Summary: This case  pertains to a legal dispute involving Anuh Pharma Ltd. and the assessment of various tax deducti...