https://www.taxtmi.com/caselaws?id=776687 The ITAT Mumbai allowed the assessee's appeal against the revision order passed under section 263. The PCIT's order was found to suffer from numerous errors, including non-service of show-cause notices and denial of opportunity to be heard, violating principles of natural justice. Notices were not available on the Income Tax portal and thus deemed not served. Additionally, the PCIT incorrectly considered figures relating to the assessee's sister concern, leading to erroneous cancellation of the assessment order. The revision order was held to be based on incorrect facts and lacked application of mind. The PCIT failed to establish that the assessment order was erroneous and prejudicial to revenue. Consequently, the ITAT set aside the revision order and allowed the appeal. en-us Tue, 07 Jan 2025 00:00:00 +0530 Sat, 16 Aug 2025 10:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776687 The ITAT Mumbai allowed the assessee's appeal against the revision order passed under section 263. The PCIT's order was found to suffer from numerous errors, including non-service of show-cause notices and denial of opportunity to be heard, violating principles of natural justice. Notices were not available on the Income Tax portal and thus deemed not served. Additionally, the PCIT incorrectly considered figures relating to the assessee's sister concern, leading to erroneous cancellation of the assessment order. The revision order was held to be based on incorrect facts and lacked application of mind. The PCIT failed to establish that the assessment order was erroneous and prejudicial to revenue. Consequently, the ITAT set aside the revision order and allowed the appeal. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776687