| Court: | Pune ITAT |
| Head Notes: | Revision by CIT u/s 263 of the Act based on the recommendation of the Assessing Officer lacks statutory sanction, hence bad in law |
| Law: | Income-Tax Act |
| Section(s): | 263 |
| Counsel(s): | Aliasgar Rampurawala |
| Dowload Pdf File | Click here to download the file in pdf format |
| Uploaded By | Aliasgar Rampurawala |
| Date of upload: | November 18, 2021 |
In that case, even when revisional power is exercised by the PCIT/CIT consequent to receipt of audit objection from Revenue/AG audit, whereby the AO proposes remedial action u/s 263, the same would lack statutory sanction. That being the case, action u/s 263 can never be resorted to for resolving an audit issue.