Case Law Details
Case Name : Veena Shah Vs PCIT (ITAT Delhi)
Related Assessment Year : 2018 -19
Courts :
All ITAT ITAT Delhi
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Veena Shah Vs PCIT (ITAT Delhi)
Power of the Principal Commissioner of Income Tax (PCIT) Under Section 263 and Taxability of Interest on Enhanced Compensation
Introduction
The Principal Commissioner of Income Tax (PCIT) holds the power under Section 263 of the Income Tax Act, 1961, to revise any assessment order that is erroneous and prejudicial to the interest of the revenue. This power ensures that incorrect tax assessments, which may result in loss of revenue to the government, can be rectified.
A crucial case where this pow
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.