https://www.taxtmi.com/caselaws?id=415027 The ITAT set aside the revision orders passed by the PCIT for the assessment years 2016-17 and 2017-18, as the PCIT failed to establish a clear finding of error in the AO's order. The ITAT held that the PCIT's direction for further inquiries without conducting an independent inquiry was beyond the scope of Section 263. The PCIT's failure to verify the assessee's explanations and lack of a clear finding of error rendered the revisionary jurisdiction under Section 263 invalid, leading to the appeals of the assessee being allowed. en-us Mon, 04 Oct 2021 00:00:00 +0530 Wed, 24 Nov 2021 06:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415027 The ITAT set aside the revision orders passed by the PCIT for the assessment years 2016-17 and 2017-18, as the PCIT failed to establish a clear finding of error in the AO's order. The ITAT held that the PCIT's direction for further inquiries without conducting an independent inquiry was beyond the scope of Section 263. The PCIT's failure to verify the assessee's explanations and lack of a clear finding of error rendered the revisionary jurisdiction under Section 263 invalid, leading to the appeals of the assessee being allowed. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415027