https://www.taxtmi.com/caselaws?id=779084 ITAT PUNE - AT held the revision under section 263 invalid, finding the AO had conducted adequate inquiry and permissibly recorded that the assessee carried on agricultural activity with supporting evidence (land, sales records, bank statements). The tribunal found no basis for PCIT to assume jurisdiction merely because an alternative view was possible; the AO's order was neither erroneous nor prejudicial to revenue. The impugned revision order was quashed, the original assessment restored, and the assessee's appeal allowed. en-us Tue, 23 Sep 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779084 ITAT PUNE - AT held the revision under section 263 invalid, finding the AO had conducted adequate inquiry and permissibly recorded that the assessee carried on agricultural activity with supporting evidence (land, sales records, bank statements). The tribunal found no basis for PCIT to assume jurisdiction merely because an alternative view was possible; the AO's order was neither erroneous nor prejudicial to revenue. The impugned revision order was quashed, the original assessment restored, and the assessee's appeal allowed. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779084