https://www.taxtmi.com/caselaws?id=766591 The ITAT Chandigarh allowed the assessee's appeal against the Pr.CIT's revision order u/s 263 challenging the AO's assessment u/s 147 r.w.s. 144B. The Pr.CIT sought to revise the AO's decision allowing 100% deduction u/s 80IC, claiming inadequate inquiry. The ITAT held that the Pr.CIT failed to demonstrate that the AO's inquiry was unreasonable or imprudent. The AO had called for required information, considered submissions, and reached a plausible conclusion allowing the deduction. Merely finding the assessment order cryptic doesn't justify revisional jurisdiction u/s 263. The ITAT ruled the AO's view was reasonable and the revision order unsustainable. en-us Tue, 25 Feb 2025 00:00:00 +0530 Fri, 28 Feb 2025 08:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766591 The ITAT Chandigarh allowed the assessee's appeal against the Pr.CIT's revision order u/s 263 challenging the AO's assessment u/s 147 r.w.s. 144B. The Pr.CIT sought to revise the AO's decision allowing 100% deduction u/s 80IC, claiming inadequate inquiry. The ITAT held that the Pr.CIT failed to demonstrate that the AO's inquiry was unreasonable or imprudent. The AO had called for required information, considered submissions, and reached a plausible conclusion allowing the deduction. Merely finding the assessment order cryptic doesn't justify revisional jurisdiction u/s 263. The ITAT ruled the AO's view was reasonable and the revision order unsustainable. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766591