https://www.taxtmi.com/caselaws?id=765105 ITAT Delhi dismissed the assessee's appeal challenging revision proceedings u/s 263 regarding computation of capital gains on three properties. The AO discovered undisclosed property transactions during recovery proceedings, which the assessee subsequently accepted. The tribunal rejected the assessee's jurisdictional challenge, noting that while the original assessment was under PCIT-21's jurisdiction, the current proceedings were properly initiated by PCIT-12 as the AO now fell under their jurisdiction. The assessee failed to provide supporting documents despite agreeing to settle and submitting tax calculations. The tribunal upheld the PCIT's revision order. en-us Mon, 06 Jan 2025 00:00:00 +0530 Sat, 25 Jan 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765105 ITAT Delhi dismissed the assessee's appeal challenging revision proceedings u/s 263 regarding computation of capital gains on three properties. The AO discovered undisclosed property transactions during recovery proceedings, which the assessee subsequently accepted. The tribunal rejected the assessee's jurisdictional challenge, noting that while the original assessment was under PCIT-21's jurisdiction, the current proceedings were properly initiated by PCIT-12 as the AO now fell under their jurisdiction. The assessee failed to provide supporting documents despite agreeing to settle and submitting tax calculations. The tribunal upheld the PCIT's revision order. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765105