PCIT duty bound to examine documents/ details submitted during revisionary proceeding u/s. 263

Dhwani Finserve Pvt. Ltd. Vs PCIT (ITAT Rajkot)

ITAT Rajkot held that PCIT is duty bound to examine the documents and details submitted by assessee during revisionary proceedings u/s. 263. In absence of any findings with regard to documents/ details by PCIT, the same is violative of principles of natural justice and hence matter remitted back to the file of PCIT.

Facts- By way of this appeal, the assessee has challenged the correctness of the order of the Learned Principal Commissioner of Income Tax-1, Rajkot passed u/s.263 of the Income Tax Act, 1961 dated

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