purpose of revision 263

Income Tax

Taking a view should be backed by reasons in order itself with evidences & enquiry

Taking a view should be backed by reasons in the order itself with evidences and independent enquiry. ITAT upheld revision…

4 years ago

Income Tax

“records” for Revision u/s 263 include records related to preceding assessment years also

For Revision u/s 263, records include records relating to assessment proceedings of preceding assessment years ABCAUS Case Law Citation:ABCAUS 3271…

4 years ago

Income Tax

Revision under section 263 is not to set aside merely unfavourable orders and bring to tax some more money to the treasury-ITAT

In a recent judgment, ITAT Delhi has interpreted the objective and scope of invoking revisionary powers of Commissioner of Income…

8 years ago