Sec. 263 Revision Quashed – AO’s Detailed Enquiry on Model House & Business Expenses; Change of Opinion Invalid: ITAT Bangalore

Suvilas Properties Pvt. Ltd. Vs PCIT (ITAT Bangalore)

Sec.263 Revision Quashed – AO Had Conducted Detailed Enquiry on Model House & Business Expenses – Mere Change of Opinion Not Permissible – ITAT Bangalore

In ITA No.1140/Bang/2025, AY 2021-22, the assessee challenged revision proceedings initiated by PCIT u/s 263 alleging lack of enquiry on “Model House” expenditure and other business expenses. The AO had originally completed assessment u/s 143(3)

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