Revisional Jurisdiction not Invokable on Simple Disagreement with Plausible Views of AO: ITAT [Read Order]

Revisional jurisdiction not invokable on simple disagreement with plausible views of AO, rules ITAT
ITAT - ITAT Kolkata - Income tax - Income tax news - Assessing Officer - taxscan

The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the revisional jurisdiction under Section 263 of the Income Tax Act, 1961 is not invokable on simple disagreement with plausible views of the Assessing Officer (AO). The only issue raised by the assessee in the various grounds of appeal is against…

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