#section 263
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Explanation 2 to section 263 of Income Tax Act is prospective in nature
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CIT cannot exercise revision power if AO had taken permissible view on the issues
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CIT cannot ask AO to look beyond purview of limited scrutiny
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Income Tax
Section 263 Order on Non-Existent Entity is unsustainable
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Income Tax
Sale of tea manufactured from leaves purchased from third parties is agricultural activity & eligible for deduction of 60%
Income Tax
Income Tax
Section 263 Revision invalid when assessment order merged with CIT(A)’s order
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Income Tax
Reassessment without notice u/s 143(2) was bad in law & cannot be revised u/s 263
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Income Tax
Revisionary jurisdiction cannot be exercised against Void order
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Income Tax
Revisional jurisdiction U/s./ 263 cannot be exercised for better view of CIT
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Income Tax
Section 263 CIT cannot direct AO to decide issue afresh to make rowing enquiry
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Income Tax
Section 263 gets triggered only when order is erroneous & also prejudicial to interest of Revenue
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Income Tax
Revisionary power U/s. 263 cannot be exercised on ground not covered in Re-Opening
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Income Tax
Claim of deduction accepted by AO despite unequivocal language of Act is erroneous U/s. 263
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