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Calcutta HC Upholds Section 263 Revision as AO Failed to Examine Allocation of Head Office Expenses
Case Law Details
- Case Name
- Shyam Sel And Power Limited Vs PCIT (Calcutta High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All High Courts, Calcutta High Court
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Shyam Sel And Power Limited Vs PCIT (Calcutta High Court)
In, the Calcutta High Court dealt with appeals filed by Shyam Sel and Power Limited and Shyam Metalics and Energy Limited challenging orders of the Income Tax Appellate Tribunal which had upheld revisionary proceedings initiated by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961.
The dispute concerned deduction claims under Section 80-IA in respect of captive power plants established by the assessees. The power plants qualified as eligible businesses entitled to deduction of...
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