cit revision 263

  • Income Tax

Mere payment of salary into NRE account does not make income is taxable in India – ITAT

Simply because the overseas employer paid salary into NRE account of the assessee in India, would by itself, not imply…

10 months ago
  • Income Tax

Power of revision u/s 263 cannot be exercised to collect more taxes – ITAT

Power of revision u/s 263 cannot be exercised to collect more taxes by bringing income within the ambit of Sections…

12 months ago
  • Income Tax

Arbitration award paid by sale of property not cost of improvement – Supreme Court

Arbitration award paid by sale of property not cost of improvement – Supreme Court holds assessment order as erroneous and…

1 year ago
  • Income Tax

Accepting house property income as business income was fit case for revision u/s 263

Accepting rental income from commercial complex as business income instead of house property was erroneous and prejudicial to the interest…

1 year ago
  • Income Tax

Revision u/s 263 to make additions substantively instead of  protectively not sustainable – itat

Revision u/s 263 to make additions substantively instead of  protectively not sustainable - ITAT  ABCAUS Case Law Citation ABCAUS 3631…

1 year ago
  • Income Tax

Assessee’s time cannot be taken for granted by Income Tax Department – ITAT

Assessee’s time cannot be taken for granted by Income Tax Department. Assessee can not be made to appear before the…

1 year ago
  • Income Tax

Issues already considered by CIT(A) cannot be again a subject matter of revision u/s 263

Issues already considered by CIT(A) in his order, cannot be again a subject matter of  revision by Pr CIT u/s…

1 year ago
  • Income Tax

Whether AO applied his mind or not is question of fact not law – SC dismisses SLP of Department

Whether AO applied his mind or not is question of fact not law – SC dismisses SLP of Department challenging…

1 year ago
  • Income Tax

ITAT expalains expression ‘without making inquiries or verification’ in Section 263

Expression ‘without making inquiries or verification’ in Section 263 to be read in conjunction with the words ‘which should have…

2 years ago
  • Income Tax

No revision u/s 263 simply because AO in order did not make elaborate discussion – ITAT

No revision u/s 263 simply because AO in order did not make an elaborate discussion - ITAT ABCAUS Case Law…

2 years ago