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Case Law Details

Case Name : ACIT Vs Sun and Sun Inframetric Pvt. Ltd. (Chhattisgarh High Court)
Related Assessment Year : 2016-2017
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The Chhattisgarh High Court recently delivered a significant ruling in ACIT Vs Sun and Sun Inframetric Pvt. Ltd., examining the revisionary jurisdiction of the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act. The central point of discussion was whether the PCIT can exercise its jurisdiction based on material not confronted to the assessee.

Analysis:

The court observed that Section 68, invoked by the PCIT, is applicable for sums credited in

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Author Bio

Mr.Kapil Goel B.Com(H) FCA LLB, Advocate Delhi High Court advocatekapilgoel@gmail.com, 9910272804 Mr Goel is a bachelor of commerce from Delhi University (2003) and is a Law Graduate from Merrut University (2006) and Fellow member of ICAI (Nov 2004). At present, he is practicing as an Advocate View Full Profile

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