{"id":46763,"date":"2024-09-22T23:33:33","date_gmt":"2024-09-22T18:03:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-central-v-rani-sati-agro-tech-p-ltd-2024-298-taxman-498-cal-hc\/"},"modified":"2025-12-24T06:07:38","modified_gmt":"2025-12-24T00:37:38","slug":"pcit-central-v-rani-sati-agro-tech-p-ltd-2024-298-taxman-498-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-central-v-rani-sati-agro-tech-p-ltd-2024-298-taxman-498-cal-hc\/","title":{"rendered":"PCIT (Central) v. Rani Sati Agro Tech (P.) Ltd. (2024) 298 Taxman 498 \/2025) 478 ITR 225  (Cal.)(HC)\/Editorial : SLP of revenue dismissed ,PCIT v. Rani Sati Agro Tech Pvt. Ltd. (2025) 478 ITR 229\/ 304 Taxman 584  (SC)"},"content":{"rendered":"<p>Commissioner invoked revisionary jurisdiction under section 263 in\u00a0 in respect of share application money received by assessee-company. Tribunal\u00a0 set aside revisionary order passed by Commissioner on ground that Assessing Officer in compliance with first revisionary order had called for details of share application money received and conducted detailed enquiry regarding same and thereafter passed reassessment order\u00a0 Dismissing the appeal the Court held that\u00a0\u00a0 since in second round of litigation, Tribunal had found that Assessing Officer in compliance with revisionary order had conducted detailed enquiry in respect of share application money, Tribunal was justified in setting aside second revisionary order passed by Commissioner.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-  Cash credits-Share application money-Second revisionery order-Order of Tribunal setting aside  second revisionery order is affirmed. [S. 68, 143(3), 260A]     <\/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-46763","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-caf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46763","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=46763"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46763\/revisions"}],"predecessor-version":[{"id":57689,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46763\/revisions\/57689"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}