EXOTIC REALTORS AND DEVELOPERS,CHANDIGARH vs. PR.CIT-1, CHANDIGARH
In the result, appeal of the assessee is allowed
ITA 189/CHANDI/2023[2018-19]Status: DisposedITAT Chandigarh26 Jul 2024AY 2018-19
Bench: SHRI. KRINWANT SAHAY (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)
For Appellant: Shri Ajay Jain, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 142(1)Section 143(2)Section 143(3)Section 253Section 263
disallowance was made. Since this assessment order under section 147 dt. 24/03/2023 was available; it became part of record and by virtue of Section 263(1)(b) the word “record” [shall include and shall be deemed always to have included) all records relating to any proceeding under this Act available ... impugned order dt. 27/03/2023 the Ld. PCIT should have considered the same as it become part of record within the meaning of Section 263
(1)(b) of the Act, failure due to non examination of order dt. 24/03/2023
vitiates the impugned order of Ld. PCIT and makes it illegal
