https://www.taxtmi.com/caselaws?id=775432 The ITAT Pune upheld the revision under section 263, rejecting the assessee's claim that invoking revision was barred by opting for the Vivad Se Vishwas Scheme, 2024. The AO failed to properly investigate the large cost of improvement claimed, which was accepted without enquiry despite the case being selected for scrutiny. The Tribunal found that the cost of improvement forms part of capital gains calculation and the PCIT was justified in revisiting the AO's order. Since the issue under section 263 differed from the matter under the Vivad Se Vishwas Scheme, the revision was valid. The appeal by the assessee was dismissed. en-us Tue, 22 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775432 The ITAT Pune upheld the revision under section 263, rejecting the assessee's claim that invoking revision was barred by opting for the Vivad Se Vishwas Scheme, 2024. The AO failed to properly investigate the large cost of improvement claimed, which was accepted without enquiry despite the case being selected for scrutiny. The Tribunal found that the cost of improvement forms part of capital gains calculation and the PCIT was justified in revisiting the AO's order. Since the issue under section 263 differed from the matter under the Vivad Se Vishwas Scheme, the revision was valid. The appeal by the assessee was dismissed. Case-Laws Income Tax Tue, 22 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775432