https://www.taxtmi.com/caselaws?id=779616 ITAT, Mumbai set aside the PCIT's order under s.263 that directed addition for alleged bogus purchases under s.69C r.w.s.115BBE, holding that the issue was pending before CIT(A), who possesses full jurisdiction under s.250 to re-examine and decide the addition on merits. Because CIT(A) can adjudicate the matter and receive Revenue's submissions in the ongoing appeal, initiation of s.263 proceedings was unnecessary. The s.263 order was quashed and the assessee's appeal was allowed. en-us Fri, 29 Aug 2025 00:00:00 +0530 Thu, 09 Oct 2025 08:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779616 ITAT, Mumbai set aside the PCIT's order under s.263 that directed addition for alleged bogus purchases under s.69C r.w.s.115BBE, holding that the issue was pending before CIT(A), who possesses full jurisdiction under s.250 to re-examine and decide the addition on merits. Because CIT(A) can adjudicate the matter and receive Revenue's submissions in the ongoing appeal, initiation of s.263 proceedings was unnecessary. The s.263 order was quashed and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779616