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Revisionary jurisdiction u/s. 263 not invocable as twin pre-conditions not satisfied
Case Law Details
- Case Name
- Adani Infrastructure and Developers Private Limited Vs PCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
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Adani Infrastructure and Developers Private Limited Vs PCIT (ITAT Ahmedabad)
ITAT Ahmedabad held that assessment order passed u/s. 143(3) is neither erroneous nor prejudicial to the interest of revenue. Hence, revisionary jurisdiction u/s. 263 of the Income Tax Act not justifiable as twin pre-conditions not satisfied.
Facts- The assessment order in this case has been passed by the Income- tax Department, National e-assessment Centre, Delhi u/s 143(3) r.w.s. 143(3A) & 143(3B) of the Act on 16.04.2021 determining the total loss of Rs.35,36,60,186/- against the returned incom...
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