https://www.taxtmi.com/caselaws?id=762083 The Bombay HC allowed a revision application under Section 264 against an ex-parte assessment order passed under Section 143(3) read with Section 144B. The Court held that the PCIT erroneously dismissed the revision as not maintainable merely because the petitioner failed to produce certain materials in response to a notice. The HC observed that Section 264 allows correction of bona fide human mistakes to prevent injustice and maintain lawful assessment procedures. The Court quashed the PCIT's order and remanded the revision application for decision on merits in accordance with law. en-us Mon, 18 Nov 2024 00:00:00 +0530 Thu, 19 Feb 2026 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762083 The Bombay HC allowed a revision application under Section 264 against an ex-parte assessment order passed under Section 143(3) read with Section 144B. The Court held that the PCIT erroneously dismissed the revision as not maintainable merely because the petitioner failed to produce certain materials in response to a notice. The HC observed that Section 264 allows correction of bona fide human mistakes to prevent injustice and maintain lawful assessment procedures. The Court quashed the PCIT's order and remanded the revision application for decision on merits in accordance with law. Case-Laws Income Tax Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762083