Case Law Details
Case Name : PCIT Vs Paramount Propbuild Pvt. Ltd. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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PCIT Vs Paramount Propbuild Pvt. Ltd. (Delhi High Court)
Delhi High Court held that assessment order passed without making required inquiries or verification is considered as erroneous and prejudicial to the interest of revenue, accordingly, PCIT rightly invoked revisional powers under section 263 of the Income Tax Act.
Facts- The assessee is engaged in the business of real estate development. The case of the assessee was picked up for scrutiny. Post inquiry, AO determined the income of the assessee t
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