AdvertisementClix Capital Services Pvt. Ltd Vs PCIT (ITAT Delhi) The Delhi ITAT allowed the assessee’s appeal and examined, as a preliminary issue, whether the Principal Commissioner of Income Tax (PCIT) had validly exercised revisional jurisdiction under Section 263 of the Income-tax Act in respect of the assessment completed under Section 143(3) read with Section 144B for AY 2018-19. The assessee, a Non-Banking Finance Company (NBFC) engaged in commercial, consumer and MSME lending, had filed a revised return declaring a loss. The case was selected for complete scrutiny covering issues including de...