Section 263 Order Quashed for Notice Issued to Non-Existent Entity

CA Vijayakumar Shetty 14 Jan 2026 195 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Shriram Finance Limited Vs PCIT-3 (ITAT Chennai)

Related Assessment Year : 2022-23

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Shriram Finance Limited Vs PCIT-3 (ITAT Chennai)

Section 263 Revision Quashed for Notice to Non-Existent Entity — PCIT Order Void Despite Alleged Excess Bad-Debt Claim

The Chennai Bench of the ITAT allowed the appeal of Shriram Finance Ltd. for AY 2022-23, quashing the revision order under section 263 on the fundamental jurisdictional ground that th

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 4534

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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Year-End Provisions Attract TDS – Disallowance u/s 40(a)(ia) Does Not Bar Action u/s 201 – Matter Restored for Limited Verification – ITAT Bangalore Unsecured Loan Addition U/s 68 Deleted; Banking Repayment & Identity Proved, No Need to Prove Source of Source – ITAT Ahmedabad ITAT Ahmedabad Modifies U/s 263; Share Purchase Cost Disallowance U/s 115BBE on Bogus LTCG Restored to CIT(A) Section 11(3) Addition Partly Upheld: ₹1.24 Cr (AY 1994-95) Survives; Earlier Accumulations Nil; Matter Remanded to CIT(A) – ITAT Hyderabad ITAT Hyderabad Quashes U/s 148 Reopening; Third-Party Seized Laptop Data & Non-Compliance with Sec 149(1)(b) Held Fatal View More Published Posts

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Case Law Details

Shriram Finance Limited Vs PCIT-3 (ITAT Chennai)

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 4534

My Published Posts

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