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...

Assessee cannot Claim Employer’s Liability to TDS on Foregone Salary as per Settlement Agreement before Accrual: ITAT [Read Order]

Manu Sharma

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that assessee cannot claim or demand employer to remit the Deducted Tax...

Penalty cannot be levied u/s 271(1)(c) of Income Tax Act when Sustainability of Addition is...

No lack of investigation by AO: ITAT quashes Revision Order [Read Order]

Revisional Jurisdiction cannot be Invoked on ground of Uncertain Issue of Entitlement of Treaty...

CIT cannot travel beyond limited Scrutiny while exercising suo motu revisional power u/s 263: Orissa...

Revisional Order by PCIT will be invalid if Original Reassessment order was not validly passed: Orissa HC [Read Order]

The Orissa High Court (HC) has held the revisional order by PCIT will be invalid if the original reassessment order was not validly passed. The Revenue is directed to challenge the common order...

Bombay HC quashes Re-Assessment Order passed u/s 263 of Income Tax Act [Read Order]

In a significant case the Bombay High court quashed a Re-Assessment Order passed under section 263 of Income Tax Act 1961. Section 263 of Income Tax Act Defined as if the assessment order passed...

No Addition of Notional Income from Vacant Flats held as Stock-in-Trade by Builder: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that no addition of notional income can be made from vacant flats held as stock- in trade by...

Revisional Order against a Deceased Assessee is not valid: ITAT [Read Order]

In a recent ruling, the Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional order passed under 263 of the Income Tax Act, 1961 against a deceased assessee is...

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 available for PCIT for taking Second Opinion. The...

Assessment Order Against Dead Person is Invalid: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessment order passed against the dead person would be invalid. The assessee is an individual, Mohammad Sharif...

Income Tax Deduction cannot be Disallowed due to Bonafide Mistake or Error on the part of the Taxpayer: ITAT [Read Order]

The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) ruled that Income Tax Deduction under section 80IC of Income Tax Act, 1961 cannot be disallowed due to the bonafide mistake or error on...

Prev Page Next Page