https://www.taxtmi.com/caselaws?id=778935 ITAT held the revision under s.263 invalid and allowed the assessee's appeal, quashing the impugned order. The Tribunal found the CIT's show-cause notices wrongly asserted the return under s.139(1) was not filed on time, ignoring the CBDT extension to 30.11.2015 and the return filed on 28.11.2015. The CIT failed to form a clear opinion that the assessment was erroneous and prejudicial to revenue and issued only an enquiry, so revision u/s 263 was without proper show-cause and unsustainable. en-us Fri, 17 Jan 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778935 ITAT held the revision under s.263 invalid and allowed the assessee's appeal, quashing the impugned order. The Tribunal found the CIT's show-cause notices wrongly asserted the return under s.139(1) was not filed on time, ignoring the CBDT extension to 30.11.2015 and the return filed on 28.11.2015. The CIT failed to form a clear opinion that the assessment was erroneous and prejudicial to revenue and issued only an enquiry, so revision u/s 263 was without proper show-cause and unsustainable. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778935