Case Law Details
Rajdhani Transport Company Pvt. Ltd. Vs PCIT (ITAT Amritsar)
In this case Section 263 order was passed only on the basis of the non-appearance of assessee and non submission of the document during the proceeding. Section 263 is moved up by two limbs, one erroneous order and second is prejudicial to the interest of the revenue. The ld. PCIT had not taken proper cognizance to discuss the issue and applicability of section 263 in relation to the order of the ld. Assessing Officer. A non speaking order was passed. The ld. CIT-DR also accepted the defect of the impugned order. The order, u/s 263 of the Act should be in details & be enriched with facts and should be well reasoned in relation to application of section 263 of the Act. We are directing the ld. PCIT to pass a fresh order considering to the provisions of section 263 and identify the proper lacunae in the order of the ld. Assessing Officer
FULL TEXT OF THE ORDER OF ITAT AMRITSAR
The instant appeal was filed by the assessee against the order passed by the Ld. Pr. Commissioner of Income Tax-1, Jalandhar [in brevity the PCIT], bearing order No. F. No.Pr.CIT-1/Jal./263/2018-19/3253 dated 10.01.2019 u/s 263 of the Income Tax Act, 1961 [in brevity the Act], in respect of Assessment Year 2014-15.
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