https://www.taxtmi.com/caselaws?id=753668 ITAT Indore upheld PCIT's revision order u/s 263 regarding provision claims and capital expenditure on LAN network/electrical expenses. The tribunal found AO's assessment order erroneous as it lacked proper inquiry into allowability of provision claims, showing no application of mind. While assessee argued AO had conducted inquiry and taken possible view, tribunal noted complete absence of examination on provision allowability. Regarding capital expenditure disallowance of Rs. 27,19,000, tribunal directed AO to verify from records whether assessee made suo moto disallowance, as this wasn't brought to PCIT's notice during s.263 proceedings. Assessee's appeals dismissed. en-us Wed, 05 Jun 2024 00:00:00 +0530 Fri, 07 Jun 2024 08:14:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753668 ITAT Indore upheld PCIT's revision order u/s 263 regarding provision claims and capital expenditure on LAN network/electrical expenses. The tribunal found AO's assessment order erroneous as it lacked proper inquiry into allowability of provision claims, showing no application of mind. While assessee argued AO had conducted inquiry and taken possible view, tribunal noted complete absence of examination on provision allowability. Regarding capital expenditure disallowance of Rs. 27,19,000, tribunal directed AO to verify from records whether assessee made suo moto disallowance, as this wasn't brought to PCIT's notice during s.263 proceedings. Assessee's appeals dismissed. Case-Laws Income Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753668