https://www.taxtmi.com/caselaws?id=313057 ITAT Chennai upheld PCIT's revision order under section 263 of the Income Tax Act. The assessee challenged the revision where PCIT found the Assessing Officer failed to examine seized documents while completing assessment under section 153A read with section 143(3). PCIT independently verified assessment records and discovered omitted information from seized materials during search under section 132. The Tribunal distinguished the case from precedent cited by assessee, noting PCIT's independent verification of negligence in ignoring material seized documents. The revision directing fresh assessment was deemed valid, and assessee's appeal was dismissed. en-us Fri, 20 Jan 2017 00:00:00 +0530 Thu, 21 Mar 2024 19:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313057 ITAT Chennai upheld PCIT's revision order under section 263 of the Income Tax Act. The assessee challenged the revision where PCIT found the Assessing Officer failed to examine seized documents while completing assessment under section 153A read with section 143(3). PCIT independently verified assessment records and discovered omitted information from seized materials during search under section 132. The Tribunal distinguished the case from precedent cited by assessee, noting PCIT's independent verification of negligence in ignoring material seized documents. The revision directing fresh assessment was deemed valid, and assessee's appeal was dismissed. Case-Laws Income Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313057