https://www.taxtmi.com/caselaws?id=753986 ITAT Delhi held that PCIT's revision order u/s 263 was invalid as jurisdiction was not exercised independently. The court found that PCIT merely acted on AO's proposal based on audit report objections regarding undisclosed TDS, purchase discrepancies, and wrong deduction claims, without applying independent mind. Following Calcutta HC precedent in Sinhotia Metals case, ITAT concluded this constituted irregular exercise of jurisdiction u/s 263. The revision order was set aside and assessee's appeal was allowed. en-us Tue, 21 May 2024 00:00:00 +0530 Thu, 13 Jun 2024 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753986 ITAT Delhi held that PCIT's revision order u/s 263 was invalid as jurisdiction was not exercised independently. The court found that PCIT merely acted on AO's proposal based on audit report objections regarding undisclosed TDS, purchase discrepancies, and wrong deduction claims, without applying independent mind. Following Calcutta HC precedent in Sinhotia Metals case, ITAT concluded this constituted irregular exercise of jurisdiction u/s 263. The revision order was set aside and assessee's appeal was allowed. Case-Laws Income Tax Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753986