Case Law Details
BT India Private Limited Vs PCIT (Delhi High Court)
In a significant judgment, the Delhi High Court addressed the dismissal of a revision application under Section 264 of the Income Tax Act, 1961, in the case of BT India Private Limited vs Principal Commissioner of Income Tax (PCIT).
The dispute arose from an order dated November 2, 2023, where the Principal Commissioner of Income Tax dismissed BT India Private Limited’s revision application under Section 264 of the Income Tax Act. This dismissal was based on both the limitation period and substantive observations about the application’s merits. The core issue revolved around whether an intimation under Section 143(1) could be revised under Section 264, a matter complicated by previous judgments and interpretations.
Key Judicial References
1. Supreme Court Judgment: Rajesh Jhaveri Stock Brokers Private Limited
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