Judgement

ITAT upheld the PCIT’s Section 263 revision order for the AO’s failure to properly verify suspected bogus purchases and red-flagged suppliers.

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

ITAT has quashed a Section 263 revision order, holding that an assessment conclusively settled under the VSV Scheme cannot subsequently be reopened through revision proceedings.


ITAT Quashes PCIT's Revision Order, Holds VSV Scheme Settlement Cannot Be Disturbed Through Section 263

ITAT Mumbai quashed PCIT's Section 263 revision order, holding that revisionary jurisdiction cannot extend to matters already decided in appeal. 

ITAT Sets Aside Section 263 Revision Order After PCIT Lacked Jurisdiction to Revise Issue Already Considered by CIT(A)

The ITAT Ahmedabad held that PCIT Cannot Invoke Section 263 Merely Because Assessment Order Is Silent.

ITAT Sets Aside Section 263 Revision Where AO Had Examined Deduction Claim Under Section 57

The ITAT Bangalore ruled revisionary order is issued after expiry of statutory limitation.

ITAT Quashes Section 263 Revision as Time-Barred

ITAT quashes the Section 263 revision over Rs 40.80 crore alleged bogus purchases, holding that the AO had adopted a legally permissible view, and the issue was already pending before CIT(A).

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ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

ITAT Quashes PCIT's Revision Order, Holds VSV Scheme Settlement Cannot Be Disturbed Through Section 263

ITAT Sets Aside Section 263 Revision Order After PCIT Lacked Jurisdiction to Revise Issue Already Considered by CIT(A)

ITAT Sets Aside Section 263 Revision Where AO Had Examined Deduction Claim Under Section 57

ITAT Quashes Section 263 Revision as Time-Barred

ITAT Quashes Section 263 Revision, Holds PCIT Cannot Invoke Section 263 Where AO Adopted a Plausible View