https://www.taxtmi.com/caselaws?id=763063 The ITAT Jodhpur quashed a revision order under Section 263 regarding disallowances under Section 40A(3) and additions for unexplained cash credits under Section 68. The tribunal held that merely not mentioning annexures or seeking details does not render an assessment order erroneous or prejudicial. The PCIT failed to establish with relevant material how the original order was prejudicial to revenue interests. The tribunal noted the PCIT did not invoke Explanation 2 to Section 263, indicating uncertainty about meeting revision criteria. The revision was set aside as legally unsustainable. en-us Mon, 09 Dec 2024 00:00:00 +0530 Wed, 11 Dec 2024 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763063 The ITAT Jodhpur quashed a revision order under Section 263 regarding disallowances under Section 40A(3) and additions for unexplained cash credits under Section 68. The tribunal held that merely not mentioning annexures or seeking details does not render an assessment order erroneous or prejudicial. The PCIT failed to establish with relevant material how the original order was prejudicial to revenue interests. The tribunal noted the PCIT did not invoke Explanation 2 to Section 263, indicating uncertainty about meeting revision criteria. The revision was set aside as legally unsustainable. Case-Laws Income Tax Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763063