AdvertisementCP Wholesale India Private Limited Vs PCIT (ITAT Delhi) Delhi ITAT Quashes Section 263 Revision of ₹93 Crore Foreign Share Capital: PCIT Cannot Order “Deeper Enquiry” When AO Had Already Examined Identity, Genuineness & Creditworthiness The Delhi ITAT quashed the PCIT’s revisionary order under section 263 concerning share capital and premium of approximately ₹93 crore received from the assessee’s foreign parent, holding that the PCIT cannot revise an assessment merely because he believes the AO should have conducted a “deeper enquiry” into an issue already examined during s...