{"id":8937,"date":"2019-12-27T06:31:54","date_gmt":"2019-12-27T06:31:54","guid":{"rendered":"http:\/\/itatonline.org\/digest\/meerut-roller-flour-mills-p-ltd-v-cit-2019-267-taxman-18-all-hc\/"},"modified":"2020-02-26T08:05:21","modified_gmt":"2020-02-26T08:05:21","slug":"meerut-roller-flour-mills-p-ltd-v-cit-2019-267-taxman-18-all-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/meerut-roller-flour-mills-p-ltd-v-cit-2019-267-taxman-18-all-hc\/","title":{"rendered":"Meerut Roller Flour Mills (P.) Ltd. v. CIT (2019)  267 Taxman 18 \/ 311 CTR 336 \/ 182 DTR 168\/ ( 2020) 420 ITR 216 (All.)(HC)"},"content":{"rendered":"<p>In the course of assessment proceedings detailed enquiries were made by the AO as regards genuineness of loans.\u00a0 After considering the evidences the AO accepted the loans as genuine.\u00a0 CIT revised the order and directed the AO to examine, call for requisite details, confirmations\u00a0 examine them properly and relegated\u00a0 the matter back to AO. Tribunal confirmed the order of the CIT. On appeal the Court held that the Commissioner has not brought any evidence showing that the\u00a0 order of AO was\u00a0\u00a0 erroneous, as same was passed without application of mind or AO had made an incorrect assessment of fact or incorrect application of law, revisional order passed by CIT is held to be not valid. Accordingly the revision order was set aside. \u00a0(AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Loan-Unclaimed money\u2013Detailed enquiries were made in the assessment proceedings-Revision is held to be not valid. [S. 68, 143(3)]<\/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-8937","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2k9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8937","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=8937"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8937\/revisions"}],"predecessor-version":[{"id":10118,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8937\/revisions\/10118"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}