ITAT Quashes Section 263 Revision, Holds PCIT Cannot Invoke Section 263 Where AO Adopted a Plausible View:
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).
ITAT Quashes Revision as Bogus Purchase Issue Already Pending Before CIT(A)
Saloni Kumari
Aug 28, 2026
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ITAT Quashes Section 263 Revision, Holds PCIT Cannot Invoke Section 263 Where AO Adopted a Plausible View
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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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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