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Section 153D's Institutional Check: How Prior Approval Limits PCIT's Power to Invoke S. 263 in Search Assessments

Franklin Joshva

Assessment proceedings initiated following a search or requisition under the Income Tax Act, 1961, represent an extraordinary exercise of statutory...

Nine-Month Delay in Filing Revised ITR "Too Huge": Delhi HC refuse to Condone Delay [Read Order]

Relief for Dabur India: ITAT Rules PCIT Erred in Setting Aside Assessment for Inadequate Enquiry...

“Trade Scheme Payments” to be Treated as Commission: ITAT Upholds PCIT’s Revision under Section 263...

Technical Defects Do Not Invalidate Assessment: ITAT Upholds Validity of Digitally Signed DIN-Based...

Rectification Order by AO Neither Erroneous Nor Prejudicial, Revisionary Powers Misapplied on Rental Income Issue: ITAT quashes PCIT's Order [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the PCIT's order on the ground that it exceeded the revisionary powers vested in it under Section 263 of the Act. The tribunal...

12 days delay in filing ITR: Delhi HC Quashes order passed in Mechanical Manner [Read Order]

In a recent case, the Delhi High Court has quashed the order passed in a mechanical manner for a 12-day delay in filing Income Tax return (ITR). The court set aside the impugned order dated...

AO’s Comprehensive Scrutiny Nullifies Alleged Lack of Inquiry u/s. 263: ITAT Sets Aside PCIT Order [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai, dealt with the core issue of whether the Principal Commissioner of Income Tax, Madurai (PCIT), was justified in invoking revisionary jurisdiction...

PCIT Orders Reassessment of Investments and FDs u/s 263: ITAT Sets Aside Order, Holds AO Properly Verified Details [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) sets aside Principal Commissioner of Income Tax (PCIT) order directing reassessment of investments and fixed deposits under Section 263 of...

SCN Issued for Property Purchase to Wrong Assessment Year: ITAT Quashes PCIT Order [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT ) set aside the order of the Principal Commissioner of Income Tax (PCIT) passed under Section 263 of the Income Tax Act, 1961, holding...

Taxpayer Can Raise Objections Before PCIT: Gujarat HC Declines to Quash Section 263 Notice on Demonetisation Cash Deposits [Read Order]

In a recent ruling, the Gujarat High Court declined to quash a Section 263 notice, holding that the taxpayer has the opportunity to raise objections before the Principal Commissioner of Income Tax...

Major Win for Assessees: ITAT Confirms Deductibility of CSR Donations u/s 80G of Income Tax Act [Read Order]

The Mumbai bench of Income tax Appellate Tribunal (ITAT) has confirmed that donations made as part of mandatory Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013 are...