Revision u/s. 263 upheld as related party expense allowed without detailed verification

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...