ITAT Surat Quashes Section 263 Revision on Bogus Purchase Issue as PCIT Lacks Jurisdiction During Pending CIT Appeal

Advertisement Tarachand Mohanlal Agarwal Vs PCIT (ITAT Surat) PCIT Lacks Jurisdiction During Pendency of CIT(A) Appeal: ITAT Surat Quashes Section 263 Revision on Bogus Purchase Issue The Surat Bench of the ITAT allowed the assessee’s appeal for AY 2018-19 and quashed the order passed by the PCIT under section 263, holding that the revision was without jurisdiction. The case arose from additions made by the AO treating certain purchases as bogus, based on information received from GST authorities alleging issuance of fake invoices by specific entities. The assessee had already challenged ...