2022-TIOL-53-ITAT-PUNE

Manikrao Amrutrao Satav Vs ITO

Whether since AO has allowed claim for deduction u/s 54B after due verification and examination, Pr.CIT is not justified in exercising power of revision u/s 263 of the Act - YES : ITAT

- Assessee's appeal allowed: PUNE ITAT

2022-TIOL-52-ITAT-BANG

Doddanna Traders Vs Pr.CIT

Whether PCIT can initiate revision proceedings u/s 263, when PCIT holds different view than AO, terming AO's view as erroneous – NO: ITAT

- Assessee's Appeals allowed: BANGALORE ITAT

2022-TIOL-51-ITAT-BANG

Vidhi Clothing Company Vs DCIT

Whether provisions of Section 43B which impose liability on the assessee cannot be construed as being applicable with retrospective effect, unless specifically stated by the legislature - YES: ITAT

- Assessee's appeal allowed: BANGALORE ITAT