https://www.taxtmi.com/caselaws?id=773009 The ITAT Chandigarh allowed the assessee's appeal against CIT's revision order u/s 263. The CIT alleged that the AO failed to conduct proper enquiry regarding opening balance in capital account and credit card payments. The Tribunal found that the assessee had responded to all notices and provided requisite details including PAN data of creditors. The AO was satisfied with the evidence submitted. The CIT erroneously assumed the case was selected for complete scrutiny when it was actually limited scrutiny for only two specific issues. The Tribunal held that CIT's order was based on wrong facts and the AO had conducted adequate enquiry, making the revision unjustified. en-us Wed, 28 May 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773009 The ITAT Chandigarh allowed the assessee's appeal against CIT's revision order u/s 263. The CIT alleged that the AO failed to conduct proper enquiry regarding opening balance in capital account and credit card payments. The Tribunal found that the assessee had responded to all notices and provided requisite details including PAN data of creditors. The AO was satisfied with the evidence submitted. The CIT erroneously assumed the case was selected for complete scrutiny when it was actually limited scrutiny for only two specific issues. The Tribunal held that CIT's order was based on wrong facts and the AO had conducted adequate enquiry, making the revision unjustified. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773009