S. 263 : Commissioner-Revision of orders prejudicial to revenue-survey-Regular books of account not maintained properly-revision of income of return revealed discrepancies-Entitle to set off the loss-Additional income-Direction is contrary to CBDT circular .[S.115BBE, 119,133A]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Assessment filed by the retailer approved by the AO-Purchase of lose diamonds not practical according to AO-Finding of Principal Commissioner that enquiry or verification not done not justified. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Limited scrutiny on Issue of high ratio of refund to credit of tax deducted at source-Books of accounts produced were examined on test check basis-AO even disallowed certain expenditure in assessment proceedings-Order could not be treated as erroneous. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Difference of opinion-Sale-Cash deposited into bank-Not sustainable. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash credits-Revision is quashed.[S. 143(3),153A]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash deposits during demonetisation period-Revision order is quashed.[S.68]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Surrendered income-No inquiry by Principal CIT to arrive at a contrary finding-Revision order is quashed.
S. 263 : Commissioner-Revision of orders prejudicial to revenue-
The AO failed to make reference to transfer pricing officer for examining issue of specified domestic transactions-Also, allowed huge loss on commodity transactions without proper inquiries.[S. 43(5)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Assessee submitted Form 3CM and Form 3CLA-Claim cannot be rejected in absence of intimation to Department in Form 3CL-No lack of inquiry by the AO-Dismissed the order passed by the PCIT.[S. 35(2AB]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Difference in estimation yield in respect of Tomatoes-Set aside the assessment order-Reason to set-aside is erroneous-No prejudice caused to the interest of the revenue merely on difference in estimation.[S. 144]