#section 263
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1,655 articlesIncome Tax
Income Tax
Revisional power u/s 263 unsustainable as order passed is neither erroneous nor prejudicial to interest of revenue
Income Tax
Income Tax
Invocation of jurisdiction u/s 263 on same subject which was duly verified in reassessment proceeding unjustified
Income Tax
Income Tax
Revisional power u/s 263 of Income Tax Act not invocable in case of ‘inadequate inquiry’
Income Tax
Income Tax
Exercise of revisionary jurisdiction u/s 263 by PCIT for substituting his opinion is untenable
Income Tax
Income Tax
CIT cannot initiate proceedings with a view to start fishing & roving enquiries
Income Tax
Income Tax
Revision by PCIT was justified as there was no lack of investigation by AO
Income Tax
Income Tax
Revision of order not being erroneous & prejudicial to interest of revenue unjustified
Income Tax
Income Tax
Revisional order under section 263 not satisfying twin conditions not sustainable
Income Tax
Income Tax
Revision order u/s 263 rightly passed as AO failed to examine cash deposited during demonetization
Income Tax
Income Tax
PCIT exercising suo motu revisional power cannot travel beyond scope of limited scrutiny in original order
Income Tax
Income Tax
Reopening on incorrect assumption of fact is invalid, hence subsequent revision order u/s 263 bad-in-law
Income Tax
Income Tax
Subsequent revisional order tends to be invalid as original re-assessment order passed invalidly
Income Tax
Income Tax
Provisions 45 of Income Tax Act applies to compensation received from allotment of proposed building
Income Tax
Income Tax
