Chartered Universe — AI workspace for chartered accountants
LoginSign Up
Back to Articles
Tax & ComplianceTaxGuru

ITAT Mumbai: Section 263 Revision Quashed as AO Had Examined Purchases and Issue Was Pending in Appeal

11 Aug 2026 · 11 Aug 2026By CA Sandeep Kanoi

ITAT Mumbai quashes Section 263 revision, holding the purchase issue was already pending before CIT(A) and AO had conducted detailed inquiry. The post ITAT Mumbai: Section 263 Revision Quashed as AO Had Examined Purchases and Issue Was Pending in Appeal appeared first on TaxGuru .

This article was aggregated from TaxGuru. Continue reading for the complete story.

Read on TaxGuru

More Articles

General

Skyways Logistics Growth Strategy: Air Cargo, Technology And India’s Manufacturing Boom

Skyways Air Services is eyeing strong growth as India’s manufacturing sector and e-commerce activity drive logistics demand. The company reported a 25% rise in income to ₹2,839 crore in FY26, while profit after tax jumped 32% to ₹63.5 crore. Yashpal Sharma, CMD, Skyways Air Services, says technology

Business Today

General

Jharkhand students to march to state assembly as talks with govt fails

Jharkhand students protest: The protesters will march peacefully from the Old Assembly Ground to the new Assembly building, with supporters from across Jharkhand extending moral support.

Business Today

General

Dwarka Expressway property prices double in 7 years: How infrastructure turned NCR corridor into a wealth creator

Dwarka Expressway has emerged as one of NCR’s strongest-performing real estate corridors, with residential property prices nearly doubling over the past seven to eight years. Infrastructure upgrades, improved Delhi-Gurugram connectivity and rising premium housing demand have driven the corridor’s ra

Business Today

General

#IndiaAt100 : Hisashi Takeuchi On Driving India’s Manufacturing Revolution

India’s ambition to become a global manufacturing powerhouse is accelerating, with the automobile industry at the centre of this transformation. In this #IndiaAt100 session, Hisashi Takeuchi, MD & CEO, Maruti Suzuki India, discusses how manufacturing can drive India’s next phase of growth. From loca

Business Today