Section 263 Cannot Be Invoked Where AO’s View on deduction Is Plausible: ITAT Pune

Bajaj Finance Limited Vs PCIT 3 (ITAT Pune)

Section 263 Cannot Be Invoked Where AO’s View Is Plausible: ITAT Pune Quashes PCIT Revision in Bajaj Finance Case

The Pune Bench of the ITAT quashed the revisionary order passed u/s 263 against Bajaj Finance Ltd. for AY 2019-20, holding that the assessment order was neither erroneous nor prejudicial to the interests of the Revenue.

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