Forget password
New User/ Regiser
Register for Demo / Trial
Annual Subscription Offer
With popular demand, we introduce:-
Special offer on GST Package for Professionals
i.e. CA/CWA/CS/Advocate/Others @ 2500/- +GST
2004 (7) TMI 27 - ALLAHABAD HIGH COURT - Income Tax
Head Note / Extract:
Order erroneous or prejudicial to the interests of the Revenue - CIT initiated proceedings u/s 263 on the ground that in making the assessment the ITO did not make any enquiry as regards the nature, source or extent of income derived from agriculture and poultry-farming or investment from which these incomes arose. Further, the Income-tax Officer also did not take any steps to verify whether the income from these sources as claimed was fully exempt Income-tax Officer has granted exemption to the assessee without any discussion and without any application of mind - Thus, an order, which has been passed without application of mind, will also fall under the expression erroneous and prejudicial to the interests of the Revenue Thus, Tribunal had committed error in holding that the assessment order in so far as it granted exemption to income from agriculture and poultry-farming was not erroneous or prejudicial to the interests of the Revenue