Revision u/s 263 upheld as AO had not formed any opinion but erroneously allowed the capital expenses as revenue causing…
CIT revisional order setting aside dropping of penalty proceedings u/s 271(1)(c) by the AO was quashed by ITAT as AO…
CIT u/s 263 can not revise order passed by Commissioner Appeals to examine the same issue as assessment order made…
Fresh approval u/s 153D not required in remand case u/s 263 where assessment in search case was originally framed u/s…
ITAT explains the law on exemption u/s 10(2A) for partners share of profit in the income of the firm. Revision…
Revision order passed without confronting assessee with material in possession of CIT breached principles of natural justice. Though variance in…
Section 80-IC deduction unavailable on fixed deposit interest–High Court. The benefit is available only for carrying on business mentioned in…
CIT can exercise powers u/s 263 despite assessee’s appeal on that or some other aspect if the same was the…
Question affecting tax liability of assessee can be raised before the Tribunal first time and it is obliged to consider…
Revision u/s 263 Limitation where assessment completed u/s 143(1) was reopened u/s 147. Jurisdiction u/s 263 could not be exercised…