Read all Latest Updates on and about Section 263 of the Income Tax Act

Top

Begin typing your search above and press return to search.

Home
»
Section 263 of the...

Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]

Advika Dwivedi

The Income Tax Appellate Tribunal (ITAT), Delhi bench, set aside the order of the Principal Commissioner of Income Tax (Pr. CIT) passed under...

Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business...

S. 14A Disallowance Not Applicable Without Exempt Income: ITAT quashes Revision Order [Read Order]

Disallowance of Agricultural Income in Revisionary Proceedings: ITAT Deletes Addition, Confirms...

CIT’s Order to Recompute Tamil Nadu Cements’ Set-Off Valid as Method Used Was Faulty: Madras HC...

ITAT Weekly Round-Up [ June 26th - July 5th ]

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week, from June 26th, 2025 to July 5th,...

No Error in AO’s Order, Interest Deduction u/s 24(b) on Property Loan Valid: ITAT overturns PCIT’s Order [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act,...

Disclosure alone Insufficient to Escape Applicability of Section 69A: ITAT [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that mere disclosure of undisclosed income in tax returns is not sufficient to shield an assessee from...

ITAT upholds Revision on AO's Lapses in Verifying TDS on Rent and Unsecured Loans [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the Principal Commissioner of Income Tax’s (PCIT) revisionary action under Section 263 of the Income Tax Act, 1961, against the...

Accommodation Entry Transactions: ITAT quashes Revision Order upholding Plausible View by AO [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revision order passed under Section 263 of the Income Tax Act, 1961, in a case involving alleged accommodation entry...

Relief for Adani Power: ITAT Invalidates Revision Order Passed Against Non-Existent Entity [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a revision order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, after...

An analysis of key ITAT (Income Tax Appellate Tribunal) rulings

A number of landmark decisions under the Direct Tax Laws redefined legal interpretations and procedural frameworks, ushering in a new age of taxation in India. From exemptions, procedural...