AJIT SINGH,SHIVPURI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, GWALIOR

In the result, assessee’s appeal ITA No 263/Agr/2025 is allowed

1 - The PCIT has gone beyond its jurisdiction and has made observations on the merits of the case 1.1 The Appellant submits that the PCIT under Section 263 was only required to see whether the Assessment order dated 22.12.2017 passed by the Ld. ITO was erroneous and prejudicial to the interest of revenue. However, in the present case

INCOME TAX OFFICER, SANJAY PLACE AGRA vs. GUNJAN GUPTA BATRA, NOIDA

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri S.Rifaur Rahman & Shri Sunil Kumar Singhincome Tax Officer, Vs. Gunjan Gupta Batra, Ward 2 (1), Agra. A - 45, Sector 26, Noida – 201 301 (Uttar Pradesh). (Pan : Abupg5419J) (Appellant) (Respondent) Assessee By : Shri Somil Agarwal, Advocate Ms. Shilpa Gupta, Ca Revenue By : Shri Shailendra Srivastava, Sr. Dr Date Of Hearing : 13.10.2025 Date Of Order : 28.10.2025

section 263 of the Income-tax Act, 1961 (for short ‘the Act’) and observed that the case was selected for limited scrutiny to verify capital introduced by the assessee amounting to Rs.2,35,09,650/-. It was observed that assessee filed return of income for AY 2015-16 at no capital and as per ITR filed