This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Initiation of revisionary proceeding u/s 263 on fishing and roving enquiry is unjustified
Case Law Details
- Case Name
- Shergil Harjit Vs PCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Shergil Harjit Vs PCIT (ITAT Pune)
ITAT Pune held that initiation of revisionary proceeding under section 263 of the Income Tax Act on a fishing and roving enquiry in the matter without bringing on record any material or evidence is liable to be quashed.
Facts-
The assessee had shown business income of Rs.3,05,400/- and interest income of Rs.1,57,086/-. The assessee had also deposited cash in bank of Rs.15,68,000/- as against the gross turnover of business of Rs.7,88,900/-.
During the course of assessment proceedings, assessee had filed explanation in respect of cash deposits in the bank and h...
Author Info
