https://www.taxtmi.com/caselaws?id=775500 The ITAT Pune upheld the revision under section 263, finding no error in the PCIT's order setting aside the ex-parte assessment passed under section 144. The assessee had failed to appear despite proper notices, leading to the ex-parte order, which the assessee challenged before the CIT(A). The PCIT noted irregularities including non-consideration of section 45(4) and disputed additions under sections 43B, 68 read with 115BBE, and capital gains estimation. Two sets of financial statements were also presented. Since the assessment was prejudicial to Revenue's interests, the matter was remanded for fresh assessment with an opportunity to the assessee. The appeal by the assessee was dismissed. en-us Tue, 03 Jun 2025 00:00:00 +0530 Sat, 26 Jul 2025 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775500 The ITAT Pune upheld the revision under section 263, finding no error in the PCIT's order setting aside the ex-parte assessment passed under section 144. The assessee had failed to appear despite proper notices, leading to the ex-parte order, which the assessee challenged before the CIT(A). The PCIT noted irregularities including non-consideration of section 45(4) and disputed additions under sections 43B, 68 read with 115BBE, and capital gains estimation. Two sets of financial statements were also presented. Since the assessment was prejudicial to Revenue's interests, the matter was remanded for fresh assessment with an opportunity to the assessee. The appeal by the assessee was dismissed. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775500