This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Assessment cannot be deemed as erroneous merely for difference between guideline value & sale consideration
Case Law Details
- Case Name
- Deepika Subramanian Vs PCIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Deepika Subramanian Vs PCIT (ITAT Chennai)
Introduction: In a significant decision emanating from ITAT Chennai, the tribunal delved into the powers of the Pr. Commissioner of Income Tax, Chennai-3 (Pr. CIT) when invoking section 263. The case in point, “Deepika Subramanian Vs PCIT”, revolves around the revisionary jurisdiction and its implications on assessment orders.
Analysis: The crux of the case revolved around the purchase of property by the assessee, Deepika Subramanian, for which the consideration and the stamp duty value exhibited a discrepancy. Pr. CIT bel...
