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Revision Invalid Where AO Conducted Inquiry, Adopted Plausible View on Demonetisation Cash Deposits: ITAT

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By Mariya Paliwala
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The Income Tax Appellate Tribunal (ITAT), Surat Bench, has set aside revisionary orders passed under Section 263 of the Income Tax Act in three connected cases, holding that the Principal Commissioner of Income Tax (PCIT) cannot invoke revision merely on the basis of a different opinion when the Assessing Officer (AO) has already conducted due…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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