Revision u/s 263 for non-invocation of section 115BBE on addition u/s 68 towards unexplained sundry creditors justified

Vijubha Jitubha Jadeja Vs PCIT (ITAT Rajkot)

ITAT Rajkot held that invocation of revisionary jurisdiction u/s 263 non-invocation of section 115BBE of the Act on the addition made on account of unexplained sundry creditors u/s. 68 of the Act is duly justifiable.

Facts- PCIT invoked revisionary jurisdiction u/s 263 observing that the addition made by the Assessing Officer in the assessment order of unexplained sundry creditors and bogus salary and wages expenses ought to hav

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