Judgement

The ITAT Ahmedabad held PCIT validly invoked Section 263 after DVO report revealed undervaluation affecting capital gains.

ITAT Upholds Section 263 Revision Based on DVO Report Received After Assessment

The ITAT Delhi has held that once the AO has made an inquiry the PCIT cannot invoke Section 263 merely because he considers that more detailed inquiries should have been undertaken.


ITAT Rules Mere inadequacy of Inquiry is not a Ground to Invoke Section 263 

Tribunal holds consequential assessment void after Section 263 order is quashed, without examining deduction merits.

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed.

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed

The ITAT holds a consequential assessment cannot survive after a revision order is quashed without any stay order.

ITAT Quashes Consequential Assessment After Section 263 Revision Order Fails

ITAT quashes Section 263 revision, holding completed enquiries cannot justify fresh verification without establishing error.

ITAT Quashes Section 263 Revision Where AO Conducted Detailed Enquiry

ITAT quashes Section 263 revision, holding explained fund movements cannot justify unexplained income.

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ITAT Upholds Section 263 Revision Based on DVO Report Received After Assessment

ITAT Rules Mere inadequacy of Inquiry is not a Ground to Invoke Section 263

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed

ITAT Quashes Consequential Assessment After Section 263 Revision Order Fails

ITAT Quashes Section 263 Revision Where AO Conducted Detailed Enquiry

ITAT Rules Section 263 Unsustainable in Refunded Advance Transaction Case