Revision order passed without adequate opportunity to file relevant material is unsustainable

Shhlok Triton Associates Vs PCIT (ITAT Surat) ITAT Surat held that revisionary order passed by PCIT under section 263 of the Income Tax Act without providing adequate opportunity to the assessee to file relevant material evidences and documents before him is liable to be remanded back for fresh consideration of the matter. Facts- Scrutiny assessment of the assessee firm u/s 143(3) of the Act was finalized on 09.12.2016 accepting the returned income shown by the assessee firm. Later on, Ld. PCIT exercised his jurisdiction u/s 263 of the Act. On perusal of the scrutiny records, it was observed b...