S. 263 : Commissioner-Revision of orders prejudicial to revenue-Payments in cash in excess of prescribed limit-Jewellery business-Exchange of old gold jewellery-No actual transaction of payment of cash for making purchases exceeding limit-No independent enquiry conducted by Principal Commissioner-Revision order was quashed. [S. 40A(3), 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Freebies or gifts-stockists and distributors-Enquirers were made in the assessment proceedings-Revision is not valid. [S. 37(1), 153A]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Assessment order passed giving effect to order of Settlement Commission-Revision is not valid [S. 143(3), 245D(3), 245D(4)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Business expenditure-Revision is held to be not valid [S. 68, 69C]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Exemption allowed after considering written submissions and supported documents-Revision is held to be not valid [S. 54F]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited Scrutiny-Assessing Officer examined all facts relating to issues selected for limited scrutiny-Failure to make enquiry into issue relating to invested in unlisted equities-Revision is not valid.[S. 56(2(viia), 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited scrutiny-PCIT cannot travel beyond the Limited scrutiny Investment-Investment reflected in balance sheet-Furnished basic details-Direction was modified to consider the investment made in the course of the set aside proceedings. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of adequate opportunity-Basic enquiries are not conducted by the PCIT-Revision order was quashed.[S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Reassessment was done on account of capital gains-Assessing Officer is not making any addition on capital gain-Addition was made on account of sale of shares-Revision order on other issues is not valid in law. [S. 45, 54, 143(3), 147, 148]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of proper enquiry-Delayed deposit of the employees’ contribution towards Provident fund-Revision is not valid [S. 36(1)(va),43B, 80P(2)(a)(i)]