![Revisional Jurisdiction cannot be invoked to correct each and every type of Mistake/Error committed by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Section-263-AO-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be invoked to correct each and every type of Mistake/Error committed by AO: ITAT [Read Order]")
Revisional Jurisdiction cannot be invoked to correct each and every type of Mistake/Error committed by AO: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that revisional jurisdiction under Section 263 of the Income Tax Act, 1961 cannot be...
![PCIT cannot impose his own Understanding of extent of inquiry u/s 263: ITAT quashes Revisionary Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/PCIT-ITAT-revisionary-order-taxscan.jpg "PCIT cannot impose his own Understanding of extent of inquiry u/s 263: ITAT quashes Revisionary Order [Read Order]")
![Set off of Loss incurred in Share Trading by Directors with the Income of Company not valid: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/share-trading-income-ITAT-Revisional-order-taxscan.jpeg "Set off of Loss incurred in Share Trading by Directors with the Income of Company not valid: ITAT upholds Revisional Order [Read Order]")
![Failure to consider Objections of Assessee: Calcutta HC quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Failure-Assessee-Calcutta-HC-Revision-Order-Taxscan.jpg "Failure to consider Objections of Assessee: Calcutta HC quashes Revision Order [Read Order]")
Revisional Order does not specify reason Why Assessment Order allowing 15% Exemption for Income from Govt Grants is Erroneous: ITAT Quashes Order [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), while quashing an order passed under section 263 of the Income Tax Act, 1961 has held that the order has not stated any specific...
![Revisional Order does not specify reason Why Assessment Order allowing 15% Exemption for Income from Govt Grants is Erroneous: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revisional-Order-15-Exemption-ITAT.jpg "Revisional Order does not specify reason Why Assessment Order allowing 15% Exemption for Income from Govt Grants is Erroneous: ITAT Quashes Order [Read Order]")
Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]
The Karnataka High Court held that mere inadequacy of an enquiry or insufficiency of material on record can not be a ground to invoke revisional powers under Section 263 of the Income Tax Act, 1961. ...
![Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Mere-inadequacy-enquiry-sufficiency-material-record-ground-invoke-Revisional-Powers-Karnataka-High-court-Taxscan.jpg "Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]")
Revisional Assessment is invalid If not passed within Two Years of Original Assessment: ITAT grants Relief to Jindal Steel [Read Order]
In a Relief to Jindal Steel and Power, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revisional assessment passed under section 263 of the Income Tax Act, 1961, for the...
![Revisional Assessment is invalid If not passed within Two Years of Original Assessment: ITAT grants Relief to Jindal Steel [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-16-at-2.02.41-PM.jpeg "Revisional Assessment is invalid If not passed within Two Years of Original Assessment: ITAT grants Relief to Jindal Steel [Read Order]")
![Revisional Power u/s 263 of Income Tax Act cannot be used to Reopen Assessment: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Revisional-Power-Income-Tax-Act-Reopen-Assessment-ITAT-Assessment-appeal-taxscan.jpg "Revisional Power u/s 263 of Income Tax Act cannot be used to Reopen Assessment: ITAT allows Appeal [Read Order]")
Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]
The Gujarat High Court has held that the revision under section 263 of the Income Tax Act, 1961 without any tangible material is not valid and set aside the proceedings against Axis Bank. The...
![Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Revision-Tangible-Material-Material-Gujarat-High-Court-Proceedings-Axis-Bank-Taxscan.jpg "Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]")
Revision of Erroneous Order prejudicial to Interests of Revenue: ITAT refuses to quash and stay operation of Order u/s 263 by CIT(E)
The Jodhpur Bench of the Income Tax Appellate Tribunal (ITAT), refused to quash and stay the operation of order under Section 263 of the Income Tax Act, 1961 by Commissioner of Income Tax (Exemption)...
Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), has held that a domestic transaction from a related party is not a specified domestic transaction under section 92BA. The appellant,...
![Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Specified-Domestic-Transaction-ITAT-taxscan.jpg "Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]")