https://www.taxtmi.com/caselaws?id=399127 HC dismissed the Revenue's appeal, upholding the Tribunal's order quashing the PCIT's revision u/s 263. The assessee's case was selected for limited scrutiny under CASS on issues of substantial increase in capital and mismatch between sale consideration reported in the return and in AIR. The AO had already examined these issues in the assessment u/s 143(3). The assessee's explanation to the PCIT was found cogent, and no error in the assessment was established. HC held the issue to be factual, with no substantial question of law arising. en-us Tue, 29 Sep 2020 00:00:00 +0530 Wed, 26 Nov 2025 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399127 HC dismissed the Revenue's appeal, upholding the Tribunal's order quashing the PCIT's revision u/s 263. The assessee's case was selected for limited scrutiny under CASS on issues of substantial increase in capital and mismatch between sale consideration reported in the return and in AIR. The AO had already examined these issues in the assessment u/s 143(3). The assessee's explanation to the PCIT was found cogent, and no error in the assessment was established. HC held the issue to be factual, with no substantial question of law arising. Case-Laws Income Tax Tue, 29 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399127