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In Section 263 Assessment AO cannot go beyond Directions of CIT: Madras HC
Case Law Details
- Case Name
- CIT Vs Lakshmi Machine Works Ltd. (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005-06
- Courts
- All High Courts, Madras High Court
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CIT Vs Lakshmi Machine Works Ltd. (Madras High Court)
The issue under consideration is whether the AO can go beyond the directions of CIT, even though during the course of fresh assessment proceedings, it is open to the AO to examine any items other than specific item ?
High Court states that, the jurisdiction exercised by the CIT to correct the alleged error in assessment was in terms of section 263 of the Act. Section 263 empowers the Commissioner of Income tax to revise an order of assessment if the order in question is erroneous and prejudicial to the interests of the revenue, both condi...
