Assessment order not to be termed erroneous if no addition in respect of cash deposit was made in reassessment proceeding: ITAT deletes addition on grounds of lack of jurisdiction u/s 263 [Read Order]

By Namaskar Acharya - On September 16, 2023 6:30 pm - 2 mins read

Assessment- order - erroneous-cash-deposit - reassessment- proceeding-ITAT - grounds - lack - jurisdiction -taxscan

The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the error in the assessment order shou be one that it is not debatable or plausible view. In a case where the Assessing Officer examined the claim took one of the plausible views, the assessment order cannot be termed as an “erroneous”. The…

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