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Income Tax Case Laws - Section: 263

 

Income Tax


Cases for Section: 263
 
Showing 1 to 15 of 1788 Records
 

2014 (8) TMI 714 - ITAT DELHI

Kalyanjee Saree Wale (P) Ltd. C/o- Kapil Goel Adv. Versus Commissioner of Income Tax,

Revisional jurisdiction of CIT u/s 263 Order passed after proper examination of record or not Held that:- While invoking revisional jurisdiction u/s 263 of the Act, the Commissioner found that the net profit shown by the assessee is quite low and ......

2014 (8) TMI 675 - ITAT PUNE

PARKAR MEDICAL FOUNDATION Versus DY COMMISSIONER OF INCOME TAX

Power to exercise revisional jurisdiction by CIT u/s 263 Claim of depreciation on assets not examined Amount deducted for the purpose of application towards charitable purpose Held that:- The AO has not at all examined the issue of claim of dep ......

2014 (8) TMI 642 - KARNATAKA HIGH COURT

M/s CANARA HOUSING DEVELOPMENT COMPANY Versus THE DEPUTY COMMISSIONER OF INCOME TAX

Assessment u/s 153A Invocation of power of revision u/s 263 - Whether the CIT can invoke the power u/s 263 of the Act to review the order of assessment passed by the Assessing Authority Held that:- In the eye of law there is no order of assessmen ......

2014 (8) TMI 640 - GUJARAT HIGH COURT

Commissioner of Income-tax Versus UTI Bank Ltd.

Order u/s 263 Calculation of FBT u/s 115WB(1)(c) Contribution made to superannuation fund Held that:- Out of the total amount of ₹ 9,13,67,379, which includes the list of 29 employees where the contribution in the superannuation fund was ......

2014 (8) TMI 632 - PUNJAB AND HARYANA HIGH COURT

The Commissioner of Income Tax, Karnal Versus Sh. Rippen Ahuja, Prop. M/s Narindera Carriers

Revision order passed by CIT u/s 263 Genuineness of gift Onus to prove the identity of parties - Held that:- The Commissioner is empowered to exercise jurisdiction where he is satisfied that the order of the AO is erroneous in so far as it is pre ......

2014 (8) TMI 58 - ITAT BANGALORE

M/s. Apna Sapna Versus Asstt. Commissioner of Income Tax

Revision order u/s 263 Reframing of assessment u/s 143(3) Held that:- The AO has accepted accounting entries as it is without making any inquiry on the issues entertained by the CIT in the 263 proceedings - the cost incurred by the assessee towar ......

2014 (7) TMI 1034 - ITAT COCHIN

M/s METRO TRADING SYNDICATE Versus ASSTT COMMISSIONER OF INCOME TAX

Jurisdiction u/s 263 Claim of set off of loss - Held that:- AO has not discussed anything about the set off of loss claimed by the assessee and the difference in TDS certificate - When the order of the AO is appealable before the CIT(A) and subject ......

2014 (7) TMI 1003 - DELHI HIGH COURT

Commissioner of Income Tax-IV Versus Hotz Industries Ltd.

Revision u/s 263 - Disallowance u/s 14A Held that:- Without pronouncing whether the figures given by the assessee were incorrect, the Commissioner recorded that this required verification from the records - This is impermissible and cannot be allow ......

2014 (7) TMI 946 - ITAT HYDERABAD

M/s. Billigiri Agro Farms (P) Ltd. Versus DCIT, CC. 9 Hyderabad

Jurisdiction of CIT u/s 263 - revision of order - principle of merger - Levy of interest Held that:- Assessee has advanced funds to the said Satyam Computers Services Ltd. - assessee has not advanced the funds on interest basis and subsequently, it ......

2014 (7) TMI 914 - BOMBAY HIGH COURT

COMMISSIONER OF INCOME Versus HDFC BANK LTD

Cancellation of order u/s 263 Held that:- The Tribunal was of the view that the basis or foundation for the order u/s 263 was completely lacking - this was not a blind acceptance of the version of the assessee, as is now termed - Such an order may ......

2014 (7) TMI 806 - ITAT HYDERABAD

M/s. Elico Limited, Hyderabad Versus Dy. Commissioner of Income-tax

Revision u/s 263 - 100% EOU - Claim of exemption made u/s 10B instead of 10A due to inadvertence CIT observed that, assessee had not obtained statutory approval from the Board appointed in that behalf by the Central Government as required under S.1 ......

2014 (7) TMI 797 - ITAT HYDERABAD

M/s SURASA GREEN LANDS (P) LTD Versus DEPUTY COMMISSIONER OF INCOME TAX

Jurisdiction of CIT u/s 263 to revise an order - principle of merger - omission in calculation of interest income assessee contended that, the very levy of interest as was done by the A.O. was subject matter of appeal before the Ld. CIT(A) and subs ......

2014 (7) TMI 796 - ITAT HYDERABAD

M/s. Kanigiri Agro Farms P. Ltd. Versus DCIT, CC. 9, Hyderabad

Jurisdiction of CIT u/s 263 to revise an order - principle of merger - omission in calculation of interest income assessee contended that, the very levy of interest as was done by the A.O. was subject matter of appeal before the Ld. CIT(A) and subs ......

2014 (7) TMI 726 - BOMBAY HIGH COURT

Commissioner of Income Tax-II Versus HDFC Bank Ltd.

Revision u/s 263 continuity of subsequent proceeding when original order was set aside based on which order u/s 263 was passed - Held that:- The Tribunal had rightly held that the proceedings originating from the order passed u/s 263 of the Act inc ......

2014 (7) TMI 724 - BOMBAY HIGH COURT

Commissioner of Income Tax-2 Versus HDFC Bank Ltd.

Power of revision u/s 263 Deduction on depreciation in the value of investments Held that:- A method of accounting adopted by the taxpayer consistently and regularly cannot be discarded by the revenue on the view that he should have adopted a dif ......

 
   
 
 
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