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Case Law Details

Case Name : CIT Vs Paville Projects Pvt. Ltd. (Supreme Court of India)
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CIT Vs Paville Projects Pvt. Ltd.  (Supreme Court of India)

Supreme Court  allows Revenue’s appeal quashing the  Bombay High court order that had set aside CIT’s revisionary order passed under section 263 of Income Tax Act, 1961.

CIT  in exercise of the powers u/s 263 and in exercise of the revisional jurisdiction, set aside the assessment order by specifically observing that the assessment order was erroneous as well as prejudicial to the interest of the Revenue. However, the High Court by the impugned ju

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Author Bio

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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