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Informative

ITAT Quashes PCIT’s Revision u/s 263, Finds AO Conducted Proper Verification of Investment and ESI Payments

Update / Judgement Date

04 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderIncome Tax

ITAT quashed a PCIT's revision under Section, finding that the AO conducted proper verification of investment and ESI payments. This decision highlights the importance of proper verification by assessing officers. It underscores the need for reasoned revision orders. This ruling reflects the tribunal's emphasis on justice. It emphasizes the need for thorough examinations. The quashing aims to prevent undue revisions.