https://www.taxtmi.com/caselaws?id=755347 The ITAT Raipur allowed the assessee's appeal against revision proceedings under section 263. The revision was based on a DVO report obtained under section 142A(1) after assessment completion. The tribunal held that the DVO report was invalid as it violated mandatory provisions of section 142A - the assessee was not given opportunity to be heard as required under subsection (4), and the report was submitted beyond the six-month time limit prescribed under subsection (6). The tribunal ruled that non-compliance with these mandatory conditions rendered the DVO report non-est and illegal, making it unsuitable as basis for revisionary proceedings under section 263. en-us Thu, 14 Dec 2023 00:00:00 +0530 Wed, 10 Jul 2024 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755347 The ITAT Raipur allowed the assessee's appeal against revision proceedings under section 263. The revision was based on a DVO report obtained under section 142A(1) after assessment completion. The tribunal held that the DVO report was invalid as it violated mandatory provisions of section 142A - the assessee was not given opportunity to be heard as required under subsection (4), and the report was submitted beyond the six-month time limit prescribed under subsection (6). The tribunal ruled that non-compliance with these mandatory conditions rendered the DVO report non-est and illegal, making it unsuitable as basis for revisionary proceedings under section 263. Case-Laws Income Tax Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755347