https://www.taxtmi.com/caselaws?id=752895 The ITAT Jaipur quashed the PCIT's revision order under section 263, ruling it was beyond jurisdiction. The case involved salary payments to specified persons during limited scrutiny assessment under section 143(3). The AO had conducted adequate inquiries, obtained specific details from the assessee, and allowed the salary expenses after verification. The PCIT's revision was based on inference from AY 2017-18 under different circumstances, where disallowance occurred in only one year following survey proceedings. The tribunal held that a single year's disallowance cannot justify doubting properly verified claims in subsequent years, making the revision proceedings legally unsustainable. en-us Tue, 02 Jan 2024 00:00:00 +0530 Tue, 21 May 2024 08:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752895 The ITAT Jaipur quashed the PCIT's revision order under section 263, ruling it was beyond jurisdiction. The case involved salary payments to specified persons during limited scrutiny assessment under section 143(3). The AO had conducted adequate inquiries, obtained specific details from the assessee, and allowed the salary expenses after verification. The PCIT's revision was based on inference from AY 2017-18 under different circumstances, where disallowance occurred in only one year following survey proceedings. The tribunal held that a single year's disallowance cannot justify doubting properly verified claims in subsequent years, making the revision proceedings legally unsustainable. Case-Laws Income Tax Tue, 02 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752895