Section 263 Revision Invalid as CIT Raised Issues Beyond Reassessment Scope: ITAT Delhi

Shiv Punj Vs CIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, partly allowed the assessee’s appeal against the order dated 03.02.2025 passed by the CIT(IT), Delhi-2 under Section 263 of the Income Tax Act for AY 2019-20. The appeal was filed with a delay of 84 days. The assessee submitted that he was outside India during the relevant period and filed an affidavit stating that the delay was beyond his control. The Tribunal accepted the explanation, condoned the delay, and admitted the appeal for adjudication on merits. On merits, the assessee challenged the assumption of juri...