https://www.taxtmi.com/caselaws?id=775215 The ITAT Mumbai allowed the assessee's appeal against a revision order under Section 263. The PCIT had challenged the AO's assessment on two grounds: failure to inquire into Chapter VI-A deductions and allowing CSR expenditure as deduction under Section 80G. The tribunal held that the AO had properly inquired into the Chapter VI-A deductions by verifying documentary evidence and took a plausible view. Regarding CSR expenditure, while the PCIT acknowledged the issue was covered by favorable jurisdictional coordinate bench decisions pending before Bombay HC, the AO was bound to follow these precedents. The tribunal found that both twin conditions for invoking Section 263 powers - the assessment being erroneous and prejudicial to revenue - were not satisfied, making the PCIT's revisionary jurisdiction invalid. en-us Mon, 23 Jun 2025 00:00:00 +0530 Tue, 22 Jul 2025 08:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775215 The ITAT Mumbai allowed the assessee's appeal against a revision order under Section 263. The PCIT had challenged the AO's assessment on two grounds: failure to inquire into Chapter VI-A deductions and allowing CSR expenditure as deduction under Section 80G. The tribunal held that the AO had properly inquired into the Chapter VI-A deductions by verifying documentary evidence and took a plausible view. Regarding CSR expenditure, while the PCIT acknowledged the issue was covered by favorable jurisdictional coordinate bench decisions pending before Bombay HC, the AO was bound to follow these precedents. The tribunal found that both twin conditions for invoking Section 263 powers - the assessment being erroneous and prejudicial to revenue - were not satisfied, making the PCIT's revisionary jurisdiction invalid. Case-Laws Income Tax Mon, 23 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775215