https://www.taxtmi.com/highlights?id=70715 Revision u/s 263 - Assessee has regular dealings with these related persons/entities and necessary confirmation is on record and therefore, the findings of the ld PCIT that no documents have been filed by the assessee is not borne out of records. As regarding, the advances given by the assessee during the year, the assessee during the assessment proceedings has submitted that no advances were given during the year and therefore, the findings of the ld PCIT is again not borne out of records. - Order passed u/s 263 set aside - AT en-us Tue, 04 Jul 2023 11:32:20 +0530 Tue, 04 Jul 2023 11:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70715 Revision u/s 263 - Assessee has regular dealings with these related persons/entities and necessary confirmation is on record and therefore, the findings of the ld PCIT that no documents have been filed by the assessee is not borne out of records. As regarding, the advances given by the assessee during the year, the assessee during the assessment proceedings has submitted that no advances were given during the year and therefore, the findings of the ld PCIT is again not borne out of records. - Order passed u/s 263 set aside - AT Highlights Income Tax Tue, 04 Jul 2023 11:32:20 +0530 https://www.taxtmi.com/highlights?id=70715