Section 263 Appeal Becomes Infructuous After Nil Demand

Yash Sugars Limited Vs PCIT (ITAT Pune) No Surviving Prejudice After Fresh Assessment: ITAT Pune Dismisses s.263 Appeal as Infructuous Pune ITAT ‘B’ Bench, in Yash Sugars Ltd. vs. PCIT (ITA No.1108/PUN/2024, AY 2014-15, order dated 23.12.2025), dismissed the assessee’s appeal as infructuous, in view of the consequential assessment resulting in nil demand. The case arose from a revision order u/s 263 dated 18.03.2024, whereby the PCIT set aside the original assessment u/s 143(3) on the ground of lack of proper verification relating to differences in share capital and investments/unsecure...