https://www.taxtmi.com/highlights?id=74871 Revision u/s 263 - The ITAT held that the AO had conducted adequate inquiries into the sales promotion expenses, as evidenced by the issuance of specific queries to the assessee. The AO's decision to accept the assessee's claims was based on the responses and documents provided. The ITAT found that the PCIT's revision under Section 263, alleging non-verification of the said expenses, was not justified as the AO had made necessary inquiries and applied his mind to the information available. en-us Tue, 13 Feb 2024 12:28:41 +0530 Tue, 13 Feb 2024 12:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74871 Revision u/s 263 - The ITAT held that the AO had conducted adequate inquiries into the sales promotion expenses, as evidenced by the issuance of specific queries to the assessee. The AO's decision to accept the assessee's claims was based on the responses and documents provided. The ITAT found that the PCIT's revision under Section 263, alleging non-verification of the said expenses, was not justified as the AO had made necessary inquiries and applied his mind to the information available. Highlights Income Tax Tue, 13 Feb 2024 12:28:41 +0530 https://www.taxtmi.com/highlights?id=74871