IN THE INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH “B”, LUCKNOW BEFORE SHRI ANADEE NATH MISSHRA, ACCOUNTANT MEMBER AND SHRI SUBHASH MALGURIA, JUDICIAL MEMBER ITA No.100/LKW/2022 (Assessment Year: 2017-18)

Subhash Jaiswal Associates v. Shri Devinder Singh

71, Newada Sheikhan, Bareilly, Kalyan, Uttar Pradesh-243001. PCIT, Bareilly, Uttar Pradesh-243001.

PAN:AAMAS7252B (Appellant) (Respondent)

Appellant by: Shri Rakesh Garg, Advocate Respondent by: Shri R. R. N. Shukla, Addl. CIT(DR)

O R D E R

PER ANADEE NATH MISSHRA, A.M.:

(A) Vide ITA. No.100/LKW/2022 appeal has been filed by the assessee against the impugned order dated 21.02.2022 passed by the Ld. Principal Commissioner of Income Tax [“PCIT”, for short], Bareilly for assessment year 2017-18 under section 263 of the Income Tax Act, 1961 (“Act”, for short). The grounds of appeal of the assessee are as under: -

“Grounds No.1 The Learned PCIT, Bareilly has erred in initiating and completing the revisionary proceedings u/s 263 of the Act in the hands of the assessee, and setting aside the case to the Assessing officer, with total disregard to the facts and circumstances of the case, and is untenable under the law.

Grounds No. 2 The Learned PCI