No Error or Prejudice to Revenue Interests: ITAT quashes Revision Order u/s 263 of Income Tax Act [Read Order]

ITAT observed that the order passed by the PCIT under Section 263 of the Income Tax Act, 1961, is unjustifiable
By Saagarika Gopinath - On October 2, 2024 1:16 pm - 2 mins read
ITAT Ahmedabad - Income Tax - Section 263 Income Tax Act - Income Tax Act - Revision Order - taxscan

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the revision order passed under Section 263 of the Income Tax Act of 1961 as the bench found no error or prejudice to the interest of the revenue. The appeal in this present case had been filed before…

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