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Income Tax Case Laws - Section: 263

 

Income Tax

Cases for Section: 263

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Showing 1 to 15 of 1832 Records
 

2014 (11) TMI 718 - ITAT HYDERABAD

Coromandel Stampings & Stones Ltd. Versus Assistant Commissioner of Income-tax, Circle-1 (2), Hyderabad

Power of CIT to invoke section 263 - Computation of book profits u/s 115JB – Prior paid expenses reduced – Held that:- Following the decision in Apollo Tyres Ltd. Versus Commissioner of Income Tax [2002 (5) TMI 5 - SUPREME Court] – While assessing a ......

2014 (11) TMI 653 - ITAT CHENNAI

M/s. Refex Industries Ltd. (Formerly Refex Refrigerants Ltd.) Versus Deputy Commissioner of Income Tax

Validity of order u/s 263 – erroneous and prejudicial to the interest of revenue or not - Assessee contended that the revisional jurisdiction has been invoked merely on the basis of audit objection - Held that:- The AO during the course of assessment ......

2014 (11) TMI 607 - MADRAS HIGH COURT

Commissioner of Income Tax, Central-I Versus VD. Muralidharan, K. Venugopal, VP. Ullas

Validity of assessment u/s 114 r.w section 158BD – revision order u/s 263 – evidences produced for claiming 50% of commission expenses or not – Held that:- Assessees are individuals engaged in the business of financing and commission agency with Sree ......

2014 (11) TMI 547 - ITAT HYDERABAD

Smt. Gonugunta Suseela And Others Versus The Commissioner of Income-Tax

Condonation of delay – delay of 50 days - Chartered Account filed an affidavit stating the reasons for delay – Held that:- The assessees are laymen and not acquainted with the intricacies of Income-tax Law and the delay was caused due to misunderstan ......

2014 (11) TMI 526 - ITAT PUNE

Kewalkumar Jain Versus Asstt. CIT Cir. 4, Pune.

Revision u/s 263 - Deemed dividend u/s 2(22)(e) - Loan amount received from company to be treated as deemed dividend u/s 2(22)(e) or not - Whether the loans/advances given to the shareholders in the earlier years which are assessable as deemed divid ......

2014 (11) TMI 522 - ITAT DELHI

Vam Resorts & Hotels Pvt. Ltd. C/o Mehra & Co. Versus ACIT, Circle 2, Meerut

Revision of an order u/s 263 - Erroneous and prejudicial to the interest of revenue or not - Held that:- The assessee was contractor and executed contract with M/s. Era Infrastructure India Pvt. Ltd. at Meerut - the AO has considered the development ......

2014 (11) TMI 472 - ITAT DELHI

Krishna Shriram Versus Commissioner of Income Tax New Delhi

Jurisdiction of CIT u/s 263 – Failure to make inquiry by AO - LTCG and STCG on sale of shares – Gifts received by assessee - Held that:- AO has not asked any query whatsoever with regard to the capital gains - it cannot be said that some enquiry was ......

2014 (11) TMI 396 - ITAT JAIPUR

M/s. Nash Fashions (India) Ltd. Versus The CIT., Jaipur

Revision u/s 263 - Allowability of deduction u/s 80G – Expenses incurred for the welfare of general public, which included the employees, suppliers and buyers - The donation was made under the company’s policy on corporate social responsibility - Hel ......

2014 (11) TMI 372 - ITAT COCHIN

Peekay Steel Castings (P.) Ltd. Versus Assistant Commissioner of Income-tax, Circle- 2 (1), Kozhikode

Revision u/s 263 - Proceeding before the Administrative Commissioner is a judicial proceedings u/s 136 - Held that:- The proceeding before the Administrative Commissioner is a judicial proceedings u/s 136 of the Act - The judicial / administrative or ......

2014 (11) TMI 352 - BOMBAY HIGH COURT

Commissioner of Income Tax-7 Versus M/s. Shri Ram Mills Ltd.

Power to invoke section 263 by Commissioner – Error of law appratent from record or not - Allowability of deduction @ 30% of annual rent u/s 24(a) – Held that:- The Tribunal held that the issue of rental income from the business center has been exten ......

2014 (11) TMI 351 - BOMBAY HIGH COURT

North Karnataka Expressway Ltd. The IL & FS Financial Center Versus The Commissioner of Income Tax-10

Allowability of depreciation on toll road - ownership - When a person like the Assessee who is in the business of infrastructure development in execution of such agreement constructs a road and on Build, Operate and Transfer (BOT) basis on the land o ......

2014 (11) TMI 349 - ITAT HYDERABAD

M/s. K. Raheja IT Park (Hyderabad) P. Ltd. Versus Commissioner of Income Tax-II, Hyderabad

Justification to invoke section 263 – Erroneous or prejudicial to interest of revenue or not – Held that:- Assessee is receiving incomes from rentals as well as service income from its industrial park - assessee was offering the income from rentals u ......

2014 (11) TMI 292 - ITAT MUMBAI

M/s. Mehta Trading Corporation Versus CIT-20, Piramal Chambers, Mumbai

Jurisdiction of CIT to invoke revisional jurisdiction u/s 263 - Prejudicial to the interest of Revenue or not - Necessary details and evidences for the claim of benefit were duly furnished before the AO or not – Held that:- The observation of the CIT ......

2014 (11) TMI 228 - ALLAHABAD HIGH COURT

Commissioner of Income Tax Versus Shri Anand Kumar Jain

Power to invoke section 263 - Inadequacy of enquiry can be a ground for invoking power u/s 263 or not – Held that:- The Commissioner observed that the loans were unquestioningly accepted by the AO despite the fact that the identity and capacity of th ......

2014 (11) TMI 212 - ITAT DELHI

Sh. Ramesh Batta Versus CIT, Kanpur

Jurisdiction of CIT u/s 263 – Validity of assessment order passed u/s 153A r.w. s 143(3) – Held that:- CIT(Appeals) has failed to arrive at a firm conclusion as to how the assessment orders are erroneous and prejudicial to the interest of the revenue ......

 
   
 
 
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