AO exceeded jurisdiction in dropping penalty on issues pending in quantum appeal-ITAT upholds exercise of revisional powers by CIT u/s…
Set off of expenses against surrendered income held erroneous and prejudicial to the interest of the revenue as assessee failed…
No revision u/s 263 without pointing out how assessment order is erroneous. Order quashed as CIT did not mention whether…
Revisionary order u/s 263 passed against dropping of penalty u/s 271(1)(c) after the expiry of limitation period as provided u/s…
ITAT explains law of appeal to CIT-A of revisionary order passed u/s 263. When CIT himself enhanced income, appeal would…
CIT not justified in disturbing consistent method of closing stock valuation by invoking revisionary jurisdiction u/s 263 ABCAUS Case…
Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue - ITAT quashes…
CIT can not substitute his view over the view taken by AO in the revisionary jurisdiction u/s 263 as AO…
AO cannot remain quiet after issuing summons u/s 131 which went unanswered. Without resorting to further investigation no adverse inference…
ITAT’s jurisdiction is not to rewrite the AO’s order and improve upon it. High Court uphelds Revision order passed u/s…