https://www.taxtmi.com/caselaws?id=445690 ITAT Delhi quashed revision order u/s 263 passed by PCIT challenging AO's assessment regarding event management, package tour, and air ticket expenses. The assessee had provided detailed client-wise income and corresponding expenses with complete particulars. AO conducted adequate enquiries and allowed the expenses after being satisfied with documentation. PCIT failed to specify what additional enquiries were required or where AO's assessment was deficient. Court held that PCIT must conduct proper enquiry and provide objective reasons before treating AO's order as erroneous. Since adequate enquiries were made by AO and PCIT's order lacked proper reasoning, revision order was quashed in favor of assessee. en-us Fri, 04 Aug 2023 00:00:00 +0530 Fri, 17 Nov 2023 08:39:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445690 ITAT Delhi quashed revision order u/s 263 passed by PCIT challenging AO's assessment regarding event management, package tour, and air ticket expenses. The assessee had provided detailed client-wise income and corresponding expenses with complete particulars. AO conducted adequate enquiries and allowed the expenses after being satisfied with documentation. PCIT failed to specify what additional enquiries were required or where AO's assessment was deficient. Court held that PCIT must conduct proper enquiry and provide objective reasons before treating AO's order as erroneous. Since adequate enquiries were made by AO and PCIT's order lacked proper reasoning, revision order was quashed in favor of assessee. Case-Laws Income Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445690