https://www.taxtmi.com/caselaws?id=783308 ITAT Kolkata dismissed the assessee's appeal and upheld the PCIT's revisional jurisdiction under s.263 over the reassessment order dated 30.03.2023, holding that limitation under s.263(2) ran up to 31.03.2025 and applied independently to both assessment and reassessment orders. The Tribunal found that adequate opportunity of hearing was granted, including through electronic communications as recognized under s.2(23C), and no breach of natural justice occurred. It held the reassessment order erroneous and prejudicial to the interests of the Revenue as the AO failed to disallow delayed employees' PF/ESI contributions in line with SC precedent, and the ground regarding customs fine/penalty was not pressed. en-us Fri, 28 Nov 2025 00:00:00 +0530 Wed, 15 Jul 2026 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783308 ITAT Kolkata dismissed the assessee's appeal and upheld the PCIT's revisional jurisdiction under s.263 over the reassessment order dated 30.03.2023, holding that limitation under s.263(2) ran up to 31.03.2025 and applied independently to both assessment and reassessment orders. The Tribunal found that adequate opportunity of hearing was granted, including through electronic communications as recognized under s.2(23C), and no breach of natural justice occurred. It held the reassessment order erroneous and prejudicial to the interests of the Revenue as the AO failed to disallow delayed employees' PF/ESI contributions in line with SC precedent, and the ground regarding customs fine/penalty was not pressed. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783308