cit revision 263

  • Income Tax

Revisionary order u/s 263 passed in the name of dead person quashed by ITAT

Revisionary order u/s 263 passed in the name of dead person quashed. CIT was not justified in setting aside the…

5 years ago
  • Income Tax
  • ITAT

Activity of arranging placement for ex-servicemen as security personnel held charitable

Activity of arranging placement for ex-servicemen as security personnel/guards in different organizations was charitable u/s 2(15) of the Income Tax…

5 years ago
  • Income Tax

Principles of law/legal position regd. exercise of revisionary powers u/s 263 as laid down by SC/HC

Principles of law and legal position regarding exercise of revisionary powers u/s 263. ITAT explains the twin conditions as laid…

5 years ago
  • Income Tax

Exercise of power by CIT u/s 263 is barred when appeal u/s 250 is pending

Exercise of power by CIT u/s 263 is barred when appeal u/s 250 is pending. “record” means what is available…

5 years ago
  • Income Tax

Revision u/s 263 merely for difference in income as per P&L Account & TDS statement quashed

Revision 263 merely for difference in income as per P&L Account & TDS statement quashed as assessment order was not…

5 years ago
  • Income Tax

Revision u/s 263 merely for non-mentioning of assessee’s reply in assessment proceedings/order invalid

Revision u/s 263 merely on ground of non-discussion / non-mentioning of reply to queries in assessment proceeding/order is invalid ABCAUS…

5 years ago
  • Income Tax

Lack of significant discussion of every argument by ITAT not substantial question of law

Lack of significant discussion of every argument by ITAT does not constitute a substantial question of law – High Court…

5 years ago
  • Income Tax

Revision u/s 263 upheld as AO failed to initiate penalty proceedings u/s 271(1)(c) on increased income

Revision u/s 263 upheld as AO failed to initiate penalty proceedings u/s 271(1)(c) where assessee increased income in revised return…

5 years ago
  • Income Tax

Notice u/s 263 issued by AO held valid as it was signed by AO in his ministerial capacity

Notice u/s 263 issued by AO was held valid when notice itself stated that PCIT directed its issuance and AO…

5 years ago
  • Income Tax

CIT cannot direct AO u/s 263 to decide if findings recorded are erroneous without own finding

CIT cannot direct AO u/s 263 to decide whether the findings recorded are erroneous without his own clear finding that…

5 years ago