#section 263
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1,655 articlesIncome Tax

Income Tax
Invocation of section 263 unjustified as all the details furnished during scrutiny assessment
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Cooperative Society’s Interest Earnings from cooperative banks: Deduction u/s 80P(2)(d) Available
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Land held as investment is assessable to tax under the head ‘capital gain’
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Section 263 cannot be exercised by CIT for reliance by AO on affidavit
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Adequate Assessment Inquiry by AO Bars Section 263 Revisionary Powers
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Notice u/s 263 in the name of deceased person is invalid
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Interest earned by co-operative society from deposit with co-operative banks eligible for deduction u/s 80P(2)(d)
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Order framed in name of non-existing entity is liable to be quashed
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PCIT order passed without verification of factual material is unsustainable
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Receipts from operation of ships in international traffic is exempt in terms of India-Singapore DTAA
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Section 40(a)(ia) of Income Tax Not Applicable in Case of Short Deduction of TDS
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Transfer of Renewable Energy Certificate is capital and not taxable as business income
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Addition of Bogus Capital Gains from Penny Stock Transaction Upheld
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