https://www.taxtmi.com/caselaws?id=760148 ITAT Ahmedabad allowed the assessee's appeal against revision u/s 263. The tribunal held that the AO correctly did not invoke Sections 69 and 115BBE, as the assessee had only one income source and the survey was conducted on 23.09.2016 while Section 115BBE amendment came into force on 15.12.2016, effective from 01.04.2017. Following precedent from Samir Shantilal Mehta case, the assessment order was neither erroneous nor prejudicial to revenue interests. en-us Mon, 14 Oct 2024 00:00:00 +0530 Thu, 17 Oct 2024 09:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760148 ITAT Ahmedabad allowed the assessee's appeal against revision u/s 263. The tribunal held that the AO correctly did not invoke Sections 69 and 115BBE, as the assessee had only one income source and the survey was conducted on 23.09.2016 while Section 115BBE amendment came into force on 15.12.2016, effective from 01.04.2017. Following precedent from Samir Shantilal Mehta case, the assessment order was neither erroneous nor prejudicial to revenue interests. Case-Laws Income Tax Mon, 14 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760148