S. 263: Commissioner-Revision of orders prejudicial to revenue-Proper enquiry was made in the course of original assessment proceedings-Revision order was quashed.[S.68, 69A, 142(1)]
S. 263: Commissioner-Revision of orders prejudicial to revenue-Proper enquiry was made in the course of original assessment proceedings-Revision order was quashed.[S.68, 69A, 142(1)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Long term finance-Interest on income tax refund-Re-possessed vehicles treating as bad debt-Non disallowance of unpaid leave encashment-Pendency of appeal before CIT(A)-No merger-Revision is justified-Partly quashed. [S. 36(1)(viia), 36(1)(viii), 250]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Share capital-Cash credits-Evidences in the form of confirmation letters were produced in the original assessment proceedings-Additional evidence by Revenue-Charge sheet in criminal proceedings-Not relevant to issue-Additional evidence is not admitted-Revision order was quashed. [S. 2(24), 28(iv), 56(2)(vii)(b), 68, 254(1), ITAT R. 29, CrPC, S. 161, 164]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Repayment of loan-Cash deposited in the bank-Examined by the Assessing Officer-Revision order was quashed. [S. 269T]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Licence fee-Disallowance on ad-hoc basis-Non application of mind-Revision order was quashed. [S. 37(1)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Derivative transactions-Fresh material/data received from NSEL-No specific finding recorded by the PCIT-Revision order was quashed. [S. 133(6) 143(2)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Investment in a residential house-Proper enquire was made by the Assessing Officer, purchase deed and other documents were filed-Revision is not valid [S. 54F, 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash deposit-Demonetisation-Specific query was raised in the original assessment proceedings-CIT failed to give any plausible reason as to why he does not agree with the opinion of the AO-Revision order was quashed. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Heavy cash deposited in the bank-Revision order was affirmed-Direction was modified to consider only cash deposited in the bank [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-AO made an extensive, elaborate and necessary enquiry with a view to find out whether the assessee fulfils the conditions mentioned in s. 80-IB or not-Revision is not valid-Commissioner cannot revise the order merely on the proposal sent by the Assessing Officer. [S.80IB (11A]