Every Loss of revenue as a consequence of an order of Assessing Officer cannot be treated as Prejudicial to Interest of Revenue: ITAT quashes Revision Order passed against Depreciation claimed on New Assets
The Income Tax Appellate Tribunal (ITAT), Surat bench, quashed the revision order passed under section 263 of the Income Tax Act, 1961, without...
![Assessment Order passed without Proper Examination of Evidence shall be erroneous and prejudicial to Interest of Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessment-Order-Proper-Examination-Evidence-erroneous-prejudicial-Interest-Revenue-ITAT-taxscan.jpg "Assessment Order passed without Proper Examination of Evidence shall be erroneous and prejudicial to Interest of Revenue: ITAT [Read Order]")
![Assessment cant exceed prescribed Scope of Limited Scrutiny invoking Revisionary jurisdiction u/s 263 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessment-exceed-prescribed-Scope-Limited-Scrutiny-invoking-Revisionary-jurisdiction-Income-Tax-Act-ITAT-taxscan.jpg "Assessment cant exceed prescribed Scope of Limited Scrutiny invoking Revisionary jurisdiction u/s 263 of Income Tax Act: ITAT [Read Order]")
![Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Sales-Reversal-Entry-is-not-Unexplained-Expenditure-Sales-Reversal-Entry-Unexplained-Expenditure-ITAT-quashes-Revision-Proceedings-ITAT-Revision-Proceedings-Taxscan.jpg "Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings [Read Order]")
![Conditions of Invoking Revisional Jurisdiction u/s 263 Not Satisfied: ITAT deletes Proceedings Against Saif Partners India IV Limited [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Revisional-Jurisdiction-ITAT-Proceedings-Saif-Partners-India-IV-Limited-Taxscan.jpg "Conditions of Invoking Revisional Jurisdiction u/s 263 Not Satisfied: ITAT deletes Proceedings Against Saif Partners India IV Limited [Read Order]")
SOP Issued by CBDT shall be followed while Making Addition in respect of Cash Deposits During Demonetization: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the standard operating procedure ( SOP ) issued by the Central Board of Direct Tax ( CBDT ) should be followed while making...
![SOP Issued by CBDT shall be followed while Making Addition in respect of Cash Deposits During Demonetization: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/SOP-CBDT-Addition-Cash-Deposits-Demonetization-ITAT-Taxscan.jpg "SOP Issued by CBDT shall be followed while Making Addition in respect of Cash Deposits During Demonetization: ITAT [Read Order]")
No Demonstration as to How Order passed by AO is erroneous: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench quashed revision order on the ground that there was no demonstration as to how order passed by the Assessing Officer (AO) is erroneous. ...
![No Demonstration as to How Order passed by AO is erroneous: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Demonstration-ITAT-Revision-Order-Taxscan.jpg "No Demonstration as to How Order passed by AO is erroneous: ITAT quashes Revision Order [Read Order]")
Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional jurisdiction of the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, 1961...
![Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Revisional-Jurisdiction-Penalty-Assessment-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]")
![Commissioner cannot invoke Revisional Jurisdiction to cancel Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Commissioner-Revisional-Jurisdiction-Assessment-ITAT-Taxscan.jpg "Commissioner cannot invoke Revisional Jurisdiction to cancel Assessment: ITAT [Read Order]")
Order Passed by AO does not Satisfy Twin Conditions of "Erroneous and Prejudicial to the Interest of the Revenue”: ITAT sets aside Pr. CIT's Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, on finding that the order passed by the A.O. did not satisfy the twin conditions of "erroneous and...
![Order Passed by AO does not Satisfy Twin Conditions of Erroneous and Prejudicial to the Interest of the Revenue”: ITAT sets aside Pr. CITs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Twin-Conditions-Interest-Revenue-ITAT-Taxscan.jpg "Order Passed by AO does not Satisfy Twin Conditions of Erroneous and Prejudicial to the Interest of the Revenue”: ITAT sets aside Pr. CITs Order [Read Order]")
Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that a revision order passed under section 263 of the Income Tax Act, 1961 without mentioning the DIN number is invalid and...
![Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tata-Medical-Centre-Trust-Revision-Order-DIN-Void-Ab-Initio-ITAT-taxscan.jpeg "Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]")
Non-Imposition of Penalty is not a Valid Ground for Exercising Revisional Power: ITAT Ahmedabad [Read Order]
In a recent ruling, the Ahmedabad bench of the ITAT held that the Commissioner cannot exercise his revisional jurisdiction under section 263 of the Income Tax Act, 1961 merely on the ground that the...
![Non-Imposition of Penalty is not a Valid Ground for Exercising Revisional Power: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/ITAT-Ahmedabad.jpg "Non-Imposition of Penalty is not a Valid Ground for Exercising Revisional Power: ITAT Ahmedabad [Read Order]")