Whether AO applied his mind or not is question of fact not law – SC dismisses SLP of Department challenging…
When appeal is pending before CIT(A), revisionary jurisdiction u/s 263 can not be exercised - ITAT ABCAUS Case Law CitationABCAUS…
No revision u/s 263 simply because AO in order did not make an elaborate discussion - ITAT ABCAUS Case Law…
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…
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…
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…