![Section 263 is not a Mechanism available for PCIT for taking Second Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Section-263-Mechanism-PCIT-Second-Opinion-ITAT-TAXSCAN-2.jpg "Section 263 is not a Mechanism available for PCIT for taking Second Opinion: ITAT [Read Order]")
Section 263 is not a Mechanism available for PCIT for taking Second Opinion: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that section 263 is not a mechanism...
![Assessment Order Against Dead Person is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Assessment-Order-Dead-Person-Income-Tax-ITAT-taxscan.jpg "Assessment Order Against Dead Person is Invalid: ITAT [Read Order]")
![Income Tax Deduction cannot be Disallowed due to Bonafide Mistake or Error on the part of the Taxpayer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Deduction-Bonafide-Mistake-Income-Tax-Taxpayer-ITAT-taxscan.jpg "Income Tax Deduction cannot be Disallowed due to Bonafide Mistake or Error on the part of the Taxpayer: ITAT [Read Order]")
![Genuine Claim of Loss of Documents due to Flood: ITAT Allows TDS Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Genuine-Claim-Loss-of-Documents-Flood-ITAT-TDS-Credit-TDS-taxscan-.jpg "Genuine Claim of Loss of Documents due to Flood: ITAT Allows TDS Credit [Read Order]")
![A Solitary Opportunity of one day given to respond with Show Cause Notice is not valid: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Revisional-Order-Solitary-Opportunity-Show-Cause-Notice-ITAT-Income-Tax-taxscan-.jpg "A Solitary Opportunity of one day given to respond with Show Cause Notice is not valid: ITAT quashes Revisional Order [Read Order]")
![Sympathy Not A Ground to Condone Delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Sympathy-Condone-Delay-ITAT-Income-Tax-taxscan.jpg "Sympathy Not A Ground to Condone Delay: ITAT [Read Order]")
CIT cannot Assume Revisional Jurisdiction u/s 263 to Substitute his Subjective View in the Place of The AO' s Judicious View : ITAT
The Income Tax Appellate Tribunal ( ITAT ), New Delhi, has recently in an appeal filed before it by an assessee, held that the Commissioner Of Income Tax (CIT) cannot assume revisional jurisdiction...
CIT to Exercise Revisional Power u/s 263 only When AO's Order is Erroneous and Prejudicial to the Interest of the Revenue: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently, in an appeal filed before it, held that the Commissioner of Income Tax (CIT), shall exercise revisional power under section...
![CIT to Exercise Revisional Power u/s 263 only When AOs Order is Erroneous and Prejudicial to the Interest of the Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CIT-Order-Interest-Revenue-ITAT-taxscan.jpg "CIT to Exercise Revisional Power u/s 263 only When AOs Order is Erroneous and Prejudicial to the Interest of the Revenue: ITAT [Read Order]")
Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT )has held that the provision for liquidated damages is an ascertained liability and is allowable as a deduction from Income. SKF...
![Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Liquidated-Damages-Income-Tax-Deduction-ITAT-taxscan.jpg "Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]")
AO fails to provide Opportunity for Cross-Examination of Witness: ITAT deletes Addition on account of Additional Net Profit
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has held that Assessing Officer fails to provide an opportunity for cross-examination of witnesses and deletes addition on account of...
ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore Bench, has recently, in an appeal filed before it upheld the revisional order on the ground of LTCG exemption on STT payment without verification. ...
![ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revisional-Order-LTCG-STT-taxscan.jpg "ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]")
Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]
Jurisdiction under section 263 can invoke only on inadequacy in enquiry done by Assessing Officer and the Bengaluru bench of Income Tax Appellate Tribunal (ITAT) has set aside revisional order. ...
![Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Jurisdiction-enquiry-ITAT-Revisional-order-taxscan.jpeg "Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]")