Section 263 Revision Invalid After AO’s Proper Enquiry: Pune ITAT

Digital Risk Mortgage Services LLC Vs ACIT (ITAT Pune) Pune ITAT Quashes Section 263 Revision – Once AO Has Conducted Enquiries and Taken a Plausible View, PCIT Cannot Order Fresh Investigation The Pune ITAT quashed the revisionary order under section 263, holding that the Principal CIT cannot invoke section 263 merely because he believes the Assessing Officer should have conducted a more detailed enquiry. The assessee had claimed deductions under sections 10AA and 80JJAA, and the assessment was selected for complete scrutiny. During the assessment proceedings, the Assessing Officer issued s...