https://www.taxtmi.com/caselaws?id=754416 ITAT DELHI upheld PCIT's revision order u/s 263, dismissing assessee's claims of ex-parte proceedings and denial of hearing opportunity. The Tribunal found PCIT provided sufficient opportunities which assessee failed to utilize. However, regarding computational errors in expenditure apportionment between projects, ITAT noted PCIT should have authenticated one table given undisputed aggregate expenditure. The matter was remitted to PCIT for fresh decision on computational aspects, while other grounds were dismissed. The revision proceedings were deemed valid with proper hearing opportunities provided. en-us Tue, 28 May 2024 00:00:00 +0530 Sat, 22 Jun 2024 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754416 ITAT DELHI upheld PCIT's revision order u/s 263, dismissing assessee's claims of ex-parte proceedings and denial of hearing opportunity. The Tribunal found PCIT provided sufficient opportunities which assessee failed to utilize. However, regarding computational errors in expenditure apportionment between projects, ITAT noted PCIT should have authenticated one table given undisputed aggregate expenditure. The matter was remitted to PCIT for fresh decision on computational aspects, while other grounds were dismissed. The revision proceedings were deemed valid with proper hearing opportunities provided. Case-Laws Income Tax Tue, 28 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754416