https://www.taxtmi.com/caselaws?id=772173 ITAT Kolkata allowed the assessee's appeal, quashing the PCIT's revision order under section 263. The tribunal held that the original assessment under section 143(3) was invalid due to defects in the notice issued under section 143(2). Since the underlying assessment was invalid, the subsequent revisionary proceedings under section 263 were also without jurisdiction. The case involved disputes over provision for bad debts and unexplained additions to fixed assets, but the tribunal decided on procedural grounds regarding notice validity. en-us Wed, 15 Jan 2025 00:00:00 +0530 Fri, 20 Feb 2026 17:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772173 ITAT Kolkata allowed the assessee's appeal, quashing the PCIT's revision order under section 263. The tribunal held that the original assessment under section 143(3) was invalid due to defects in the notice issued under section 143(2). Since the underlying assessment was invalid, the subsequent revisionary proceedings under section 263 were also without jurisdiction. The case involved disputes over provision for bad debts and unexplained additions to fixed assets, but the tribunal decided on procedural grounds regarding notice validity. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772173