Twin Conditions of Section 263 Not Met, Revision Order Set Aside

Makson Pharma Ceuticals (India) Private Limited Vs PCIT (ITAT Ahmedabad)

Second opinion not allowed under 263: ITAT Ahmedabad quashes PCIT revision on depreciation, 14A & CSR-80G

Ahmedabad   ITAT allowed the Assessee’s appeal and quashed the revision order passed u/s 263, holding that the PCIT had merely substituted his own view for that of the Assessing Officer, which is impermissible in law.

The

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