PCIT’s Different Views on Unrelated Issues do not Justify Invoking S.263 in Limited Scrutiny: ITAT [Read Order]

Recognizing PCIT's unnecessary invocation of Section 263 in limited scrutiny, ITAT set aside the revision order
By Kavi Priya - On September 13, 2024 10:48 am - 2 mins read
PCIT - Limited Scrutiny - ITAT - taxscan

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Principal Commissioner of Income Tax ( PCIT ) cannot invoke Section 263 of the Income Tax Act, 1961, simply because it holds differing views on issues that are unrelated to the original scope of limited scrutiny. Hirenkumar Lavjibhai Kanani (assessee)…

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