{"id":16049,"date":"2021-03-24T12:45:22","date_gmt":"2021-03-24T07:15:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-cyber-park-development-and-constructions-ltd-2021-430-itr-55-276-taxman-460-karn-hc\/"},"modified":"2021-03-24T12:45:22","modified_gmt":"2021-03-24T07:15:22","slug":"cit-v-cyber-park-development-and-constructions-ltd-2021-430-itr-55-276-taxman-460-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-cyber-park-development-and-constructions-ltd-2021-430-itr-55-276-taxman-460-karn-hc\/","title":{"rendered":"CIT v. Cyber Park Development and Constructions Ltd. (2021) 430 ITR 55\/276 Taxman 460 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the Tribunal was justified on the facts in holding that the Commissioner had no power to revise the assessment under section\u00a0263\u00a0for inadequacy of enquiries by the Assessing Officer or insufficiency of material on record. Court also held that the Tribunal had rightly quashed the revisional order passed by the Commissioner under section\u00a0263 and was justified in condoning the delay of 360 days.\u00a0 (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Commissioner had no power to revise assessment for inadequacy of  enquiries or  insufficiency of  material on record-Order of Tribunal is affirmed- Condonation of delay of 360 days is held to be justified. [S. 254(1)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-16049","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4aR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=16049"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16049\/revisions"}],"predecessor-version":[{"id":16050,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16049\/revisions\/16050"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}