https://www.taxtmi.com/caselaws?id=367578 The ITAT dismissed the assessee's appeal against the order under Section 263, upholding the Pr. CIT's revision. The appeal against the assessment order under Section 143(3) was partly allowed, with the issue of capitalization of interest remanded to the AO for further verification. The ITAT stressed the importance of thorough verification by the AO during assessments to prevent revisions. en-us Wed, 19 Sep 2018 00:00:00 +0530 Sat, 22 Sep 2018 17:10:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367578 The ITAT dismissed the assessee's appeal against the order under Section 263, upholding the Pr. CIT's revision. The appeal against the assessment order under Section 143(3) was partly allowed, with the issue of capitalization of interest remanded to the AO for further verification. The ITAT stressed the importance of thorough verification by the AO during assessments to prevent revisions. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367578