https://www.taxtmi.com/caselaws?id=772840 The ITAT Kolkata allowed the assessee's appeal against PCIT's revision order u/s.263. The PCIT had revised an assessment order dated 15.03.2022 framed u/s.143(3)/147, claiming erroneous deduction u/s.80IE and excess interest u/s.244A. The ITAT held that the revisionary proceedings were invalid as the issues raised were not part of the original reopening assessment and never came to the AO's notice during reassessment. The PCIT could have revised the original assessment dated 15.10.2018, but such action was barred by the two-year limitation period under Section 263(2). The excess interest u/s.244A could be withdrawn through rectification proceedings. en-us Thu, 24 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772840 The ITAT Kolkata allowed the assessee's appeal against PCIT's revision order u/s.263. The PCIT had revised an assessment order dated 15.03.2022 framed u/s.143(3)/147, claiming erroneous deduction u/s.80IE and excess interest u/s.244A. The ITAT held that the revisionary proceedings were invalid as the issues raised were not part of the original reopening assessment and never came to the AO's notice during reassessment. The PCIT could have revised the original assessment dated 15.10.2018, but such action was barred by the two-year limitation period under Section 263(2). The excess interest u/s.244A could be withdrawn through rectification proceedings. Case-Laws Income Tax Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772840