https://www.taxtmi.com/caselaws?id=771308 The ITAT Mumbai ruled in favor of the assessee in a revision case under section 263. The PCIT had rejected the assessee's TDS claims corresponding to professional receipts, alleging these receipts weren't accounted for in turnover. The ITAT found that the coordinate bench had previously ruled favorably on the same issue in the assessee's case. The Revenue failed to provide contrary material proving the assessee received undeclared income. Professional income declared exceeded AIR amounts, with legitimate reasons explaining discrepancies. The ITAT held no justification existed for invoking section 263 based on mere difference of opinion and allowed the assessee's appeal. en-us Tue, 20 May 2025 00:00:00 +0530 Fri, 23 May 2025 08:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771308 The ITAT Mumbai ruled in favor of the assessee in a revision case under section 263. The PCIT had rejected the assessee's TDS claims corresponding to professional receipts, alleging these receipts weren't accounted for in turnover. The ITAT found that the coordinate bench had previously ruled favorably on the same issue in the assessee's case. The Revenue failed to provide contrary material proving the assessee received undeclared income. Professional income declared exceeded AIR amounts, with legitimate reasons explaining discrepancies. The ITAT held no justification existed for invoking section 263 based on mere difference of opinion and allowed the assessee's appeal. Case-Laws Income Tax Tue, 20 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771308