https://www.taxtmi.com/caselaws?id=756335 ITAT Ahmedabad set aside PCIT's revision order u/s 263 regarding stamp valuation benchmark. The tribunal held that property details were available to AO during assessment proceedings, reflected in books of accounts, and submitted for consideration. PCIT failed to consider substantial payments made in 2010 and inappropriately applied 2014-15 Jantri values. Cash component was part of purchase deed submitted to AO. Assessment order was neither erroneous nor prejudicial to revenue interest. Assessee's appeal allowed. en-us Thu, 30 May 2024 00:00:00 +0530 Thu, 01 Aug 2024 08:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756335 ITAT Ahmedabad set aside PCIT's revision order u/s 263 regarding stamp valuation benchmark. The tribunal held that property details were available to AO during assessment proceedings, reflected in books of accounts, and submitted for consideration. PCIT failed to consider substantial payments made in 2010 and inappropriately applied 2014-15 Jantri values. Cash component was part of purchase deed submitted to AO. Assessment order was neither erroneous nor prejudicial to revenue interest. Assessee's appeal allowed. Case-Laws Income Tax Thu, 30 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756335