Section 263 can be invoked for Real Errors & Not to invent or explore errors

Gayatri Devi Vs PCIT (ITAT Jaipur)

Introduction: In a recent case, Gayatri Devi vs. Principal Commissioner of Income Tax (ITAT Jaipur), the Income Tax Appellate Tribunal (ITAT) shed light on the critical distinction between invoking Section 263 of the Income Tax Act for genuine errors and attempting to explore or invent errors where none exist. This article provides a detailed analysis of this case and its implications.

Background: The case revolved around

Please become a Premium member. If you are already a Premium member, login here to access the full content.