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![PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117507-itat-favours-city-union-bank-taxscan.webp "PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]")
PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that revisionary powers under Section 263 of theIncome Tax Act, 1961 cannot...
![Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/250x150_2111741-omission-sec-14a-disclosure-enables-reopening-beyond-4-years-madras-hc-restores-proceedings-against-city-union-bank-taxscan.webp "Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]")
![Relief to City Union Bank: Madras HC Defers Income Tax Dept Dues Until Bank’s Dues Are Settled [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Department-Income-Tax-Act-Madras-High-Court-City-Union-Bank-TAXSCAN.jpg "Relief to City Union Bank: Madras HC Defers Income Tax Dept Dues Until Bank’s Dues Are Settled [Read Order]")
![Bank eligible for Credit on Tax paid on Panthal / Shamiana for Inauguration of New Branch: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Panthal-Credit-Taxscan.jpg "Bank eligible for Credit on Tax paid on Panthal / Shamiana for Inauguration of New Branch: CESTAT [Read Order]")