https://www.taxtmi.com/caselaws?id=765690 ITAT Raipur allowed the assessee's appeal against Pr. CIT's revision order u/s 263. The tribunal held that Pr. CIT cannot summarily set aside AO's assessment order without recording specific findings that it was erroneous and prejudicial to revenue interest. The Pr. CIT had merely directed AO to verify disallowance u/s 40(a)(ia) without himself concluding the order was erroneous. The tribunal ruled that outsourcing Section 263 jurisdiction to AO is impermissible and Pr. CIT must complete the revision process by recording definitive observations. The original assessment order u/s 143(3) was restored. en-us Wed, 05 Feb 2025 00:00:00 +0530 Fri, 07 Feb 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765690 ITAT Raipur allowed the assessee's appeal against Pr. CIT's revision order u/s 263. The tribunal held that Pr. CIT cannot summarily set aside AO's assessment order without recording specific findings that it was erroneous and prejudicial to revenue interest. The Pr. CIT had merely directed AO to verify disallowance u/s 40(a)(ia) without himself concluding the order was erroneous. The tribunal ruled that outsourcing Section 263 jurisdiction to AO is impermissible and Pr. CIT must complete the revision process by recording definitive observations. The original assessment order u/s 143(3) was restored. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765690