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PCIT cannot revise assessment order in respect of issues already covered during assessment
Case Law Details
- Case Name
- Learning Curve Edutech Solutions Pvt. Ltd. Vs PCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Mumbai
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Learning Curve Edutech Solutions Pvt. Ltd. Vs PCIT (ITAT Mumbai)
ITAT held that PCIT cannot revise an assessment order under sections 263 of Income Tax Act, 1961 in respect of issues already covered during assessment.
The law is very well settled that revision jurisdiction under section 263 of the Act could be done only in the case of ‘lack of enquiry’ by the learned Assessing Officer. In this case facts clearly prove that there has not been any ‘lack of enquiry’ by the learned Assessing Hence, learned PCIT categorically erred in invoking revision jurisdiction under ...
