https://www.taxtmi.com/caselaws?id=433106 The Tribunal quashed the revision proceedings under section 263 of the Income Tax Act for the assessment year 2017-2018. It found that various issues proposed for revision by the ld. Pr.CIT, such as interest on TDS, liability for expenses, net profit examination, software expenses, puja expenses, were adequately addressed during the original assessment. The Tribunal determined that the assessee had provided detailed responses and supporting documents, leading to the annulment of revisionary proceedings on most issues due to proper consideration and explanation provided during the initial assessment. en-us Mon, 16 Jan 2023 00:00:00 +0530 Sat, 21 Jan 2023 08:50:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433106 The Tribunal quashed the revision proceedings under section 263 of the Income Tax Act for the assessment year 2017-2018. It found that various issues proposed for revision by the ld. Pr.CIT, such as interest on TDS, liability for expenses, net profit examination, software expenses, puja expenses, were adequately addressed during the original assessment. The Tribunal determined that the assessee had provided detailed responses and supporting documents, leading to the annulment of revisionary proceedings on most issues due to proper consideration and explanation provided during the initial assessment. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433106