This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Mumbai Quashes 263 Orders: No Incriminating Material to Revisit 80IC Claim U/s. 153A
Case Law Details
- Case Name
- Raj Impex Vs PCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Raj Impex Vs PCIT (ITAT Mumbai)
ITAT Mumbai Quashes PCIT’s 263 Orders—No Incriminating Material to Disturb 80IC Claim in Raj Impex Search Case
ITAT Mumbai quashed seven revisionary orders u/s 263 passed by PCIT against assessments completed u/s 153A for AYs 2011-12 to 2018-19. The Assessee, engaged in manufacturing essential oils & perfumery from aromatic herbs at its Himachal Pradesh unit, had claimed deduction u/s 80IC. After a search on 10.03.2021, AO completed the assessments u/s 153A r.w.s. 143(3) accepting the claim, with prior approval u/s 153D. Later, PCIT held...
Author Info
