Keyman Insurance Policy : AO Taken possible view- PCIT not justified in initiating revision proceedings

Drupad Menda Vs PCIT (ITAT Mumbai) Keyman Insurance Policy : AO Taken possible view- PCIT not justified in initiating revision proceedings In the case of Drupad Menda vs. PCIT (ITAT Mumbai), a critical matter has been brought before the Income Tax Appellate Tribunal (ITAT) in Mumbai. The central issue at hand is the revision order passed by the Ld PCIT-5, Mumbai, under Section 263 of the Income-tax Act, 1961, for the assessment year 2018-19. The appeal challenges the validity of the revision order initiated by the Ld PCIT. Detailed Analysis: The assessment for the assessment year 2018-19 was ...