https://www.taxtmi.com/caselaws?id=772538 The ITAT Delhi allowed the assessee's appeal and set aside the PCIT's revision order u/s 263. The tribunal held that the AO was justified in taxing interest income on FDRs in the original assessment, with no income remaining untaxed. Regarding disallowance u/s 14A, the tribunal found the issue arose from a change of opinion and relied on Clix Finance India Pvt. Ltd. decision by Delhi HC. The PCIT was not justified in holding the assessment order erroneous and prejudicial to revenue interest. en-us Fri, 06 Jun 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772538 The ITAT Delhi allowed the assessee's appeal and set aside the PCIT's revision order u/s 263. The tribunal held that the AO was justified in taxing interest income on FDRs in the original assessment, with no income remaining untaxed. Regarding disallowance u/s 14A, the tribunal found the issue arose from a change of opinion and relied on Clix Finance India Pvt. Ltd. decision by Delhi HC. The PCIT was not justified in holding the assessment order erroneous and prejudicial to revenue interest. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772538