https://www.taxtmi.com/caselaws?id=462191 ITAT Delhi upheld PCIT's revision order u/s 263 regarding reassessment proceedings u/s 147 r/w 144B involving accommodation entries. The AO accepted returned income without proper verification despite claiming incomplete documents from assessee. ITAT found the assessment order erroneous and prejudicial to revenue interest as required enquiries were not conducted. The revision was deemed valid under section 263 read with Explanation 2 inserted by Finance Act 2015, which deems orders passed without proper verification as erroneous. Assessee's appeal was dismissed. en-us Mon, 07 Apr 2025 00:00:00 +0530 Fri, 30 May 2025 21:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462191 ITAT Delhi upheld PCIT's revision order u/s 263 regarding reassessment proceedings u/s 147 r/w 144B involving accommodation entries. The AO accepted returned income without proper verification despite claiming incomplete documents from assessee. ITAT found the assessment order erroneous and prejudicial to revenue interest as required enquiries were not conducted. The revision was deemed valid under section 263 read with Explanation 2 inserted by Finance Act 2015, which deems orders passed without proper verification as erroneous. Assessee's appeal was dismissed. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462191