Section 263: Failure to issue notice on any particular issue

Advocate Akhilesh Kumar Sah Failure to issue notice on any particular issue does not vitiate the exercise of power under Section 263 as long as the assessee is heard and given opportunity Section 263 of the Income Tax Act, 1961 [‘the Act’ for short] deals with the revision of orders prejudicial to revenue. Recently, in BSES Rajdhani Power Ltd. vs. Pr. CIT [ITA 387/2017, decided on 8.11.2017], the following questions of law arose for consideration: (a) Whether on facts and in the circumstances of the case, the Tribunal erred in law in not holding that order dated 31.03.2016 passed under s...