TaxTMI 
TaxTMI 
2025 (4) TMI 2209
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....vam Yadav, Adv For the Revenue : Shri Sunil Kumar Yadav, CIT DR ORDER PER M. BALAGANESH, AM 1. The appeal in ITA No.421/Del/2021 for AY 2016-17, arises out of the order of the Pr. Commissioner of Income Tax-4, Delhi [hereinafter referred to as 'ld. Pr. CIT', in short] dated 04.03.2021 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 (hereinafter referred to....
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....s erroneous and prejudicial to the interest of the revenue. A showcause notice under Section 263 of the Act stood issued to the assessee on 15-02- 2020. The Learned PCIT observed that assessee had claimed an expense of Rs. 4,49,01,950/- as legal and professional expenses. First of all, assessee is engaged in the pharmaceutical line of business. Accordingly, the Learned PCIT concluded that Rs. 4,49....
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....r book. Hence it cannot be said that the Learned AO had not made any enquiries with regard to the allowability of legal and professional charges in the course of assessment proceedings. Since the Learned AO had made adequate enquiries with regard to the legal and professional charges, the Learned PCIT grossly erred in invoking his revisionary jurisdiction by stating that there was lack of enquiry ....