https://www.taxtmi.com/caselaws?id=757969 The ITAT quashed the revision order issued by the Principal Commissioner under section 263 of the Income-tax Act, 1961, for AY 2014-15, finding it invalid. The Tribunal ruled that the revision was based solely on interest rate disparity without incriminating material from the search. Consequently, the Tribunal reinstated the original assessment order, favoring the assessee. en-us Fri, 30 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 07:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757969 The ITAT quashed the revision order issued by the Principal Commissioner under section 263 of the Income-tax Act, 1961, for AY 2014-15, finding it invalid. The Tribunal ruled that the revision was based solely on interest rate disparity without incriminating material from the search. Consequently, the Tribunal reinstated the original assessment order, favoring the assessee. Case-Laws Income Tax Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757969