BHARATH RASIKLAL SHAH,COCHIN vs. PCIT KOCHI-1, KOCHI
In the result, the appeal filed by the assessee is allowed
ITA 744/COCH/2024[2017-18]Status: DisposedITAT Cochin10 Jun 2025AY 2017-18
Bench: Shri Inturi Rama Rao & Shri Soundararajan K.Assessment Year : 2017-18
For Appellant: Advocate &
Section 143Section 143(3)Section 144Section 147Section 194ASection 263Section 263(1)
Section 263 order would expose him to the threat of vindicative action by the Assessing Officer (NFAC) u/s 144
(Best judgment assessment) as the same is based on the grounds of erroneous assessment and prejudicial to the revenue. The apprehension gains more significance as the PCIT is aware that the Appellant has already submitted that he has deposited original sales
