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Revision u/s. 263 upheld as related party expense allowed without detailed verification
Case Law Details
- Case Name
- Amazon Retail India Private Limited Vs PCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Delhi
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Amazon Retail India Private Limited Vs PCIT (ITAT Delhi)
ITAT Delhi held that revisionary proceedings under 263 of the Income Tax Act justifiable since related-party expenses were accepted without detailed verification. Accordingly, revision is upheld and the present appeal is dismissed.
Facts- The assessee company is engaged in the business of retail trading of food products. The principal issue contested by the appellant assessee through the grounds of appeal is regarding the invocation of revisionary proceedings under section 263 of the Act with respect to his order dated 28.03.2025 passed...
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