{"id":2450,"date":"2018-10-14T04:31:27","date_gmt":"2018-10-14T04:31:27","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-v-dhana-reddy-and-co-2018-407-itr-96-tap-hc\/"},"modified":"2018-10-14T04:31:27","modified_gmt":"2018-10-14T04:31:27","slug":"cit-v-v-dhana-reddy-and-co-2018-407-itr-96-tap-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-v-dhana-reddy-and-co-2018-407-itr-96-tap-hc\/","title":{"rendered":"CIT  v. V. Dhana Reddy And Co. (2018) 407 ITR 96 (T&#038;AP) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 the \u00a0Tribunal recorded a finding that the assessments for the relevant assessment year relating to the two trusts were carefully scrutinised by the Assessing Officer after calling for the details and examining them. The Commissioner having expressed his suspicion about the genuine nature of the transactions between the assessee and the trusts, had not exercised his revisional powers under section\u00a0263\u00a0with regard to the assessments pertaining to the two trusts completed under section\u00a0143(3)\u00a0of the Act. The action of the Commissioner thus suffered from inherent contradiction. The foremost requirement that the order must be erroneous for invoking the revisional jurisdiction under section\u00a0263\u00a0by the Commissioner, had not been satisfied. \u00a0( AY.1987-88)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue \u2013Rental income whether assessable as property income or business income -No findings had been rendered by the Commissioner that the Assessing Officer had made an incorrect assessment of facts or incorrect application of law \u2013Revision is held to be not valid .[ S.22, 28(i) ]<\/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":[1],"tags":[],"class_list":["post-2450","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Dw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2450","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=2450"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2450\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}