No revisional jurisdiction u/s. 263 as issue examined during assessment proceeding: ITAT Ahmedabad

Kaivan Jitendrakumar Shah HUF Vs PCIT (ITAT Ahmedabad)

ITAT Ahmedabad held that revisional jurisdiction u/s. 263 of the Income Tax Act not justifiable as AO had examined the issue in the course of assessment proceeding.

Facts- The case of the assessee was reopened u/s. 147 of the Act with the issuance of notice under Section 148 of the Act dated 30.03.2021. The revised assessment was completed u/s 147 r.w.s. 144B of the Act dated 21.03.2022 and the return of income as shown by the assessee was accepted.

Subsequently, PCIT noticed that the issue on wh

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