2022-TIOL-1245-ITAT-KOL
Sujit Kumar Dey Vs ACIT
Whether PCIT is wrong in exercising power u/s 263 if AO has made necessary enquiry, applied his mind on issue, examined facts properly and has taken a possible view - YES : ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2022-TIOL-1244-ITAT-KOL
Poonawalla Fincorp Ltd Vs Pr.CIT
Whether to exercise power u/s 263 it is mandatory that twin conditions of order being erroneous insofar as it is prejudicial to interest of revenue should be satisfied - YES : ITAT
- Assessee's appeal partly allowed: KOLKATA ITAT
2022-TIOL-1243-ITAT-DEL
K S Softnet Solutions Pvt Ltd Vs ACIT
Whether unless there is specific material collected, merely on basis of inference from circumstances, purchase can not have been held to be bogus - YES : ITAT
- Assessee's appeal allowed: DELHI ITAT
