Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
ITAT quashed CIT(E)'s revision order under section 263, holding that the Commissioner cannot exercise revisional jurisdiction when identical issues are pending appeal before CIT(A). The tribunal applied the Doctrine of Merger, emphasizing that only one operative order can govern the same subject matter simultaneously. Since the assessment order under section 143(3) was not found erroneous or prejudicial to revenue's interests, the revisional order was set aside. The assessee's appeal was allowed, reinforcing procedural limitations on revisional powers when appellate proceedings are ongoing.
ITAT quashed CIT(E)'s revision order under section 263, holding that the Commissioner cannot exercise revisional jurisdiction when identical issues are pending appeal before CIT(A). The tribunal applied the Doctrine of Merger, emphasizing that only one operative order can govern the same subject matter simultaneously. Since the assessment order under section 143(3) was not found erroneous or prejudicial to revenue's interests, the revisional order was set aside. The assessee's appeal was allowed, reinforcing procedural limitations on revisional powers when appellate proceedings are ongoing.
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