https://www.taxtmi.com/caselaws?id=776169 The ITAT Ahmedabad held that the AO's order was not erroneous or prejudicial to the revenue despite no addition being made for accommodation entries. The case was reopened under section 147, but the AO had duly examined and verified the issue during reassessment and found no addition necessary. The PCIT's revision under section 263 was set aside as the reopening reason was incorrect and the AO's assessment was proper. The appeal was allowed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776169 The ITAT Ahmedabad held that the AO's order was not erroneous or prejudicial to the revenue despite no addition being made for accommodation entries. The case was reopened under section 147, but the AO had duly examined and verified the issue during reassessment and found no addition necessary. The PCIT's revision under section 263 was set aside as the reopening reason was incorrect and the AO's assessment was proper. The appeal was allowed. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776169