CIT is required to make enquiries himself to allege assessment order as erroneous and prejudicial to the interest of Revenue…
Invoking Revisionary powers u/s 263 merely on the basis of suspicion not justified. Where AO made necessary inquiry and satisfied…
Period of limitation of Revisional order u/s 263(2) is date of order passed by Commissioner and not date when order…
Exemption u/s 54F allowed though Capital Gain sale proceed deposited in Nationalised Bank instead of capital gain deposit scheme account…
CIT assuming jurisdiction u/s 263 has no power to direct initiating penalty proceedings u/s 271(1)(c) CIT Revision u/s 263 for…
CIT Revision u/s 263 for failure of AO to convert limited scrutiny into complete scrutiny quashed as no credible material…
Sale of property was long term capital gain as assessee held it from the date of advance payment and balance…
CIT Revision u/s 263 order not mentioning twin conditions of being erroneous and prejudicial to the interest of revenue quashed…
Revision u/s 263 on issues not covered under limited scrutiny quashed as AO could not had gone into other issues…
Inadequate enquiry or insufficient material on record cannot be a ground to invoke powers under Section 263 of the Act…