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Section 264 empowers Tax Authorities to Correct Mistakes by Officials or Taxpayers
Case Law Details
- Case Name
- Â Interglobe Enterprises Private Limited Vs PCIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10 and 2010-11
- Courts
- All High Courts, Delhi High Court
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 Interglobe Enterprises Private Limited Vs PCIT (Delhi High Court)
Delhi High Court has ruled in favor of Interglobe Enterprises Pvt. Ltd. in its dispute with the Principal Commissioner of Income Tax (PCIT) over the double taxation of ₹1.51 crore as interest income. The case revolved around whether interest on an income tax refund received for Assessment Years (AY) 2009-10 and 2010-11 should be taxed in AY 2012-13 or AY 2014-15. The court found that the amount had been taxed twice and directed the Commissioner to reassess the matter.
The dispute began when Interglobe Enterprises declared â‚...
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