PCIT Cannot set aside Assessment Order Solely Based on Differing Opinion

Shanti Multilink Pvt. Ltd. Vs PCIT (ITAT Ahmedabad)

Introduction: The Income Tax Appellate Tribunal (ITAT) of Ahmedabad recently delivered a significant verdict in the case of Shanti Multilink Pvt. Ltd. Vs PCIT. This article delves into the central question: whether PCIT can set aside an assessment order solely based on a difference of opinion.

Background of the Case: Shanti Multilink Pvt. Ltd. contested against an order passed by the Principal Commissione

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