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#section 263

Every article filed under the “section 263” tag — analysis, news and updates.

1,655 articles
Income TaxPCIT Section 263 Quashed – Business Expenditure Allowable Even Without Income; AO Conducted Proper Enquiry
Income Tax

PCIT Section 263 Quashed – Business Expenditure Allowable Even Without Income; AO Conducted Proper Enquiry

CA Vijayakumar Shetty8 months ago
Income TaxPenalty u/s 270A Deleted – Immunity u/s 270AA Allowed Despite Procedural Lapse: ITAT Chennai
Income Tax

Penalty u/s 270A Deleted – Immunity u/s 270AA Allowed Despite Procedural Lapse: ITAT Chennai

CA Vijayakumar Shetty8 months ago
Income TaxITAT Kolkata – Section 263 Revision on Deemed Dividend Quashed; Loan Not Taxable in Company’s Hands
Income Tax

ITAT Kolkata – Section 263 Revision on Deemed Dividend Quashed; Loan Not Taxable in Company’s Hands

CA Vijayakumar Shetty8 months ago
Income TaxITAT Kolkata – ₹6.99 Cr Share Capital Addition u/s 68 Deleted; Identity & Genuineness Proved
Income Tax

ITAT Kolkata – ₹6.99 Cr Share Capital Addition u/s 68 Deleted; Identity & Genuineness Proved

CA Vijayakumar Shetty8 months ago
Income TaxSection 263 Revision Upheld Due to AO’s Failure to Examine ₹669 Crore Trust Receipt
Income Tax

Section 263 Revision Upheld Due to AO’s Failure to Examine ₹669 Crore Trust Receipt

CA Sandeep Kanoi8 months ago
Income TaxRevision U/s 263 Upheld – Lack of Enquiry on Alleged Cash Payment in Property Purchase
Income Tax

Revision U/s 263 Upheld – Lack of Enquiry on Alleged Cash Payment in Property Purchase

CA Vijayakumar Shetty8 months ago
Income TaxDisallowance U/s 14A while computing book profit U/s 115JB deserved to be deleted
Income Tax

Disallowance U/s 14A while computing book profit U/s 115JB deserved to be deleted

POONAM GANDHI8 months ago
Income TaxSection 263 Revision Quashed as Safe Harbour Rule of 10% Held Retrospective: ITAT Raipur
Income Tax

Section 263 Revision Quashed as Safe Harbour Rule of 10% Held Retrospective: ITAT Raipur

CA Sandeep Kanoi8 months ago
Income TaxRevision order was upheld as it flagged unverified INSIGHT Portal inputs on alleged accommodation entries
Income Tax

Revision order was upheld as it flagged unverified INSIGHT Portal inputs on alleged accommodation entries

RATHI8 months ago
Income TaxGoodwill Depreciation Allowed Earlier Cannot Be Revisited in Revision: ITAT Ahmedabad
Income Tax

Goodwill Depreciation Allowed Earlier Cannot Be Revisited in Revision: ITAT Ahmedabad

CA Sandeep Kanoi8 months ago
Income TaxPCIT empowered to inspect seized assets during proceeding u/s. 263
Income Tax

PCIT empowered to inspect seized assets during proceeding u/s. 263

POONAM GANDHI8 months ago
Income TaxDeeming fiction of section 50C not extended while working WDV to claim depreciation on block of asset
Income Tax

Deeming fiction of section 50C not extended while working WDV to claim depreciation on block of asset

POONAM GANDHI8 months ago
Income TaxAd-Hoc percentage basis Addition on Sundry Creditors Is Illegal – 41(1) Can’t Run on Presumptions
Income Tax

Ad-Hoc percentage basis Addition on Sundry Creditors Is Illegal – 41(1) Can’t Run on Presumptions

CA Vijayakumar Shetty8 months ago
Income TaxWrong AO’s U/s 143(2) = Non-Est Assessment – U/s 263 & Consequential Order Also Collapse
Income Tax

Wrong AO’s U/s 143(2) = Non-Est Assessment – U/s 263 & Consequential Order Also Collapse

CA Vijayakumar Shetty8 months ago