https://www.taxtmi.com/caselaws?id=462531 ITAT Jaipur held that PCIT's revision order u/s 263 was invalid as it failed to satisfy twin conditions of being both erroneous and prejudicial to revenue interest. The tribunal found that AO had examined relevant details and passed assessment order in accordance with law regarding deduction u/s 80JJAA and adjustment u/s 143(1). Since the issues were already examined by AO and order was legally sustainable, PCIT's action constituted impermissible change of opinion rather than valid revision. The assessee's appeal was allowed and PCIT's order was vacated. en-us Tue, 18 Jul 2023 00:00:00 +0530 Sat, 28 Jun 2025 14:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462531 ITAT Jaipur held that PCIT's revision order u/s 263 was invalid as it failed to satisfy twin conditions of being both erroneous and prejudicial to revenue interest. The tribunal found that AO had examined relevant details and passed assessment order in accordance with law regarding deduction u/s 80JJAA and adjustment u/s 143(1). Since the issues were already examined by AO and order was legally sustainable, PCIT's action constituted impermissible change of opinion rather than valid revision. The assessee's appeal was allowed and PCIT's order was vacated. Case-Laws Income Tax Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462531