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Revision order passed u/s. 263 unacceptable as based on reassessment order which itself is unsustainable: ITAT Delhi
Case Law Details
- Case Name
- Daya Rani Vs PCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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Daya Rani Vs PCIT (ITAT Delhi)
ITAT Delhi held that once the reassessment order passed by AO is not sustainable in the eyes of law, any revision order passed u/s. 263 of the Income Tax Act seeking to revise such reassessment order cannot be accepted in the eyes of law. Accordingly, revision order passed u/s. 263 quashed.
Facts- The assessment of the assessee for the Asst Year 2011-12 was completed u/s 143(3) r.w.s 147 of the Act on 16/11/2019. Thereafter, notice was issued u/s. 148. Post considering the reply, AO in the reassessment proceedings made no additions.
Thereafter, t...
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