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Income Tax Case Laws - Section: 263


Income Tax

Cases for Section: 263
Showing 1 to 15 of 1813 Records

2014 (10) TMI 780 - ITAT DELHI

Sh. Pushpendr Kumar Goyal, C/o. Sh. Sachin Jain, Advocate Versus Commissioner of Income Tax

Jurisdiction of CIT to invoke section 263 – Assessment order passed by AO erroneous and prejudicial to the interests of revenue or not – Held that:- As decided in Malabar Industries Co. Ltd. vs. CIT [2000 (2) TMI 10 - SUPREME Court] - this is not a f ......

2014 (10) TMI 694 - ITAT KOLKATA

M/s. Brindavan Commodities Pvt. Ltd. Versus CIT., Kolkata-III, Kolkata

Jurisdiction of CIT u/s 263 – Requisite enquiries carried out or not – AO not acted after obtaining the information - Held that:- the return of income was filed on 31.08.2009 - The assessee company had shown no trading activity - after collecting som ......

2014 (10) TMI 656 - ITAT AHMEDABAD

Shri Tarun S. Varma (Ind.) Versus CIT-IV, Ahmadabad

Jurisdiction of the CIT to invoke section 263 - Erroneous and prejudicial to the interest of revenue or not - Failure of AO to examine taxability of sale proceeds of the land as business income as against capital gains as offered in Return of Income ......

2014 (10) TMI 617 - ITAT AHMEDABAD

Cadila Healthcare Ltd. Versus CIT Ahmedabad-1

Invocation of provisions of section 263 by CIT – Held that:- The power of suo motu revision u/s 263(1) is in the nature of supervisory jurisdiction and the same can be exercised only if the circumstances specified therein exist – relying upon Malabar ......

2014 (10) TMI 611 - ITAT KOLKATA

Ridhi Sidhi Vincom (P). Ltd. Versus CIT., - III, Kolkata

Revision u/s 263 - Erroneous and prejudicial order to the interest of the revenue - period of limitation - Held that:- The assessee has filed a letter dated nil informing the AO of the commission income having been omitted to have been offered to t ......


Smt. Gurcharan Kaur Versus Commissioner of Income Tax-II

Violation of principles of natural justice - Documents and data not properly examines - Advertisement expenses u/s 37 - Whether the Tribunal misdirected itself in law as well as on facts in upholding the order passed by the CIT u/s 263 of the Act whe ......

2014 (10) TMI 470 - ITAT AHMEDABAD

M/s Zaveri & Co. Pvt. Ltd. Versus The Commissioner of Income-tax-IV, Ahmedabad.

Jurisdiction u/s 263 – SEZ Entitlement for deduction u/s 10AA or not – Held that:- The assessee is entrepreneur as referred to in clause (j) of section 2 of the SEZ Act, 2005 who began to provide services during the previous year relevant to the AY 2 ......

2014 (10) TMI 461 - ITAT DELHI

Smt. NK. Vinayak, Shri BK. Vinayak Versus Commissioner of Income Tax, Central-II, New Delhi.

Validity of order u/s 263 - Search and Seizure operation u/s 132 – Held that:- During the course of assessment proceeding questions, enquiries and explanation on the relevant issues were called for by the AO and were replied by the assessee - Thus th ......

2014 (10) TMI 327 - BOMBAY HIGH COURT

Commissioner of Income Tax-16 Versus Rajesh G. Kapadia HUF

Power of revision by Commissioner u/s 263 - Prejudicial to the interest of the Revenue or not – Held that:- The Tribunal had rightly found that after the property was developed in phases and the Assessee was partly compensated by giving the share ass ......

2014 (10) TMI 323 - ITAT HYDERABAD

M/s. VST Industries Limited Versus Addl. CIT, Range-3 Hyderabad

Revision u/s 263 – Held that:- Even though AO made an enquiry about the amount claimed in the course of assessment, the issue is not examined in its correct perspective by the AO - First of all, whether the entire amount is assessee’s liability or no ......

2014 (10) TMI 315 - ITAT LUCKNOW

Shri Krishna Kumar Goenka Versus ACIT., Range-3, Kanpur

Revision u/s 263 – Reopening of assessment u/s 147 – New issues can be introduced or not – Held that:- Income chargeable to tax, in terms of bogus gift has escaped assessment as per provisions of s.147 of the I.T. Act, 61 - Therefore action u/s 147 i ......


Sh. Raj Kumar Bhardwaj Versus Commissioner Income Tax

Jurisdiction to invoke section 263 – Date of conversion of capital asset into stock u/s 54F – Held that:- CIT has valued the jewellery as per cost index, but the fact remains that jewellery always contains some impurity - no jewellery can be made fro ......



Revision u/s 263 – Prejudicial to the interest of revenue - Benefit of exemption u/s 10(38) - Held that:- The Tribunal was rightly of the view that in the face of the materials before him, the CIT could not have formed any opinion that the assessment ......

2014 (10) TMI 207 - ITAT AHMEDABAD

M/s. Zaveri & Co. Exports, Versus CIT-V, Ahmedabad

Jurisdiction of the CIT u/s 263 – Deduction u/s 10AA - Whether the view adopted by the AO in the assessment order to the effect that such interest income forms part of profit and gains of business of SEZ unit and therefore qualifies for deduction u/s ......

2014 (10) TMI 178 - ITAT HYDERABAD

M/s. Louis Berger Group Inc. Hyderabad Versus Asst. Director of income-tax (International Taxation)

Revision u/s 263 – Bar of limitation - Income offered on expenses re-imbursed and deduction on reimbursable expenses – Held that:- The assessment originally completed under S.143(3) for the year was subsequently reopened by the AO only on the issue o ......



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