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Sec. 263 Cannot Be Invoked When AO Follows One of Two Possible Views: Chhattisgarh HC
Case Law Details
- Case Name
- PCIT Vs Mahavir Ashok Enterprises Pvt Ltd (Chhattisgarh High Court)
- Appeal Number
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- Date of Judgement/Order
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PCIT Vs Mahavir Ashok Enterprises Pvt Ltd (Chhattisgarh High Court)
In a significant ruling, the Chhattisgarh High Court has held that the revisional authority, under Section 263 of the Income Tax Act, 1961, cannot invoke the provision if the Assessing Officer (AO) has followed one of the two possible views available in law. This judgment arose in the case of Principal Commissioner of Income Tax (PCIT) Vs. Mahavir Ashok Enterprises Pvt. Ltd., and the court underscored the principles governing the invocation of revisional powers under Section 263.
Background
Mahavir Ashok Enterprises Pvt. Ltd.,...
