https://www.taxtmi.com/caselaws?id=782604 ITAT Raipur quashed the revisionary order passed u/s 263 on the ground of non-application of mind by the Pr. CIT. The Pr. CIT directed initiation of penalty u/s 270A(2)(b) r.w.s. 270A(3)(i)(b) for under-reporting of income, but simultaneously concluded that the case attracted s. 270A(2)(c), revealing inconsistency and lack of due consideration. Relying on precedent of ITAT Delhi, the Tribunal held the assumption of jurisdiction u/s 263 to be arbitrary, bad in law and void ab initio, restoring the original assessment order in favour of the assessee. en-us Wed, 23 Jul 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782604 ITAT Raipur quashed the revisionary order passed u/s 263 on the ground of non-application of mind by the Pr. CIT. The Pr. CIT directed initiation of penalty u/s 270A(2)(b) r.w.s. 270A(3)(i)(b) for under-reporting of income, but simultaneously concluded that the case attracted s. 270A(2)(c), revealing inconsistency and lack of due consideration. Relying on precedent of ITAT Delhi, the Tribunal held the assumption of jurisdiction u/s 263 to be arbitrary, bad in law and void ab initio, restoring the original assessment order in favour of the assessee. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782604