Revision u/s. 263 unwarranted as plausible view taken by AO after considering replies: ITAT Indore

AL A S Real Estate and Developers Private Ltd. Vs PCIT (ITAT Indore)

ITAT Indore held that assessment done after considering replies/ submissions of the assessee cannot be said to be faulty. AO has taken a plausible view after considering replies/ submissions and hence revisional jurisdiction u/s. 263 of the Income Tax Act not warranted.

Facts- The assessee filed return of income of relevant AY 2018-19 declaring a total income of Rs. Nil. The return was selected under scru

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