https://www.taxtmi.com/caselaws?id=773581 ITAT Mumbai partially allowed the assessee's appeal against PCIT's revision order under Section 263. The tribunal held that while PCIT correctly invoked Section 263 for two property transactions where AO failed to examine stamp duty value differences exceeding tolerance band under Section 43CA, the revision was improper for five other transactions where no addition was warranted. The tribunal rejected aggregation approach for Section 43CA applicability and set aside PCIT's direction for fresh examination of five transactions while upholding revision for two transactions where assessment was erroneous and prejudicial to revenue. en-us Wed, 04 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773581 ITAT Mumbai partially allowed the assessee's appeal against PCIT's revision order under Section 263. The tribunal held that while PCIT correctly invoked Section 263 for two property transactions where AO failed to examine stamp duty value differences exceeding tolerance band under Section 43CA, the revision was improper for five other transactions where no addition was warranted. The tribunal rejected aggregation approach for Section 43CA applicability and set aside PCIT's direction for fresh examination of five transactions while upholding revision for two transactions where assessment was erroneous and prejudicial to revenue. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773581