https://www.taxtmi.com/caselaws?id=761870 ITAT Kolkata allowed the assessee's appeal against CIT's revision order u/s 263. CIT had set aside the assessment order claiming AO failed to adequately verify transport expenses deduction and TDS on transportation charges. ITAT found that AO had properly examined all details including Form 26Q, quarterly returns, and transporter-wise TDS deductions. The assessee had provided complete explanations and supporting documents during assessment proceedings. CIT failed to examine the assessee's submissions or point out specific defects before invoking revision powers. ITAT held that CIT must conduct necessary enquiries and examine evidence before concluding an assessment order is erroneous and prejudicial to revenue interests. The revision order was quashed. en-us Mon, 30 Sep 2024 00:00:00 +0530 Sun, 17 Nov 2024 22:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761870 ITAT Kolkata allowed the assessee's appeal against CIT's revision order u/s 263. CIT had set aside the assessment order claiming AO failed to adequately verify transport expenses deduction and TDS on transportation charges. ITAT found that AO had properly examined all details including Form 26Q, quarterly returns, and transporter-wise TDS deductions. The assessee had provided complete explanations and supporting documents during assessment proceedings. CIT failed to examine the assessee's submissions or point out specific defects before invoking revision powers. ITAT held that CIT must conduct necessary enquiries and examine evidence before concluding an assessment order is erroneous and prejudicial to revenue interests. The revision order was quashed. Case-Laws Income Tax Mon, 30 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761870