Case Law Details
Case Name : CIT Vs Paville Projects Pvt. Ltd. (Supreme Court of India)
Related Assessment Year :
Courts :
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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