https://www.taxtmi.com/caselaws?id=766867 ITAT Jaipur allowed the assessee's appeal against PCIT's revision order u/s 263. The assessee had surrendered undisclosed income during survey proceedings and disclosed it in the return. AO conducted proper enquiry, issued show cause notice regarding section 115BBE application, and took a plausible view after applying his mind. PCIT could not substitute her view merely because she disagreed with AO's treatment of income under sections 69/69A versus 115BBE. The assessment order was neither erroneous nor prejudicial to revenue interests, as AO had examined the matter thoroughly and reached a reasonable conclusion. en-us Fri, 13 Dec 2024 00:00:00 +0530 Tue, 04 Mar 2025 15:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766867 ITAT Jaipur allowed the assessee's appeal against PCIT's revision order u/s 263. The assessee had surrendered undisclosed income during survey proceedings and disclosed it in the return. AO conducted proper enquiry, issued show cause notice regarding section 115BBE application, and took a plausible view after applying his mind. PCIT could not substitute her view merely because she disagreed with AO's treatment of income under sections 69/69A versus 115BBE. The assessment order was neither erroneous nor prejudicial to revenue interests, as AO had examined the matter thoroughly and reached a reasonable conclusion. Case-Laws Income Tax Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766867