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Different View by PCIT Doesn’t Make AO’s Order Erroneous or Prejudicial: Gujarat HC
Case Law Details
- Case Name
- PCIT Vs Shreeji Prints Pvt. Ltd. (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All High Courts, Gujarat High Court
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PCIT Vs Shreeji Prints Pvt. Ltd. (Gujarat High Court)
In the case of PCIT vs Shreeji Prints Pvt. Ltd., the Gujarat High Court dismissed an appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961. The Revenue had challenged the order of the Income Tax Appellate Tribunal (ITAT), Surat Bench, which had set aside a revision order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 for the Assessment Year 2013–14. The PCIT had directed the Assessing Officer (AO) to re-examine the assessment, citing that the AO had accepted unsecured loans amounting to â‚...
