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Section 263 Appeal Becomes Infructuous After Nil Demand
Case Law Details
- Case Name
- Yash Sugars Limited Vs PCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
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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...
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