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Income Tax Case Laws - Section: 263

 
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Cases for Section: 263
Showing 1 to 15 of 1988 Records
 

2015 (5) TMI 515 - ITAT DELHI

India International Centre Versus Asstt. Director of Income-tax, (E) , Inv. Cir. (1) , New Delhi.

Revision u/s 263 - AO failed to examine the applicability of 1st and 2nd proviso of Section 2(15) of the Income Tax Act read with 3rd proviso to Section 143(3) and provisions of Section 13(8) although neither 3rd proviso to Section 143(3) nor Section.....

2015 (5) TMI 712 - ITAT AHMEDABAD

Shri Prakashkumar B. Khatri Versus The CIT-IV, Ahmedabad

Revision u/s 263 - deduction under section 54F wrongly allowed - Held that - The assessee had obtained the permission for construction of farm house on 21/12/006 for construction of 582 sq.meters. and subsequent to the approval, assessee incurred exp.....

2015 (5) TMI 123 - MADRAS HIGH COURT

Commissioner of Income Tax, Chennai Versus M/s. Vidya Thangakumar

Income from the property transaction - business income or capital gains - Revenue contented that merely because the assessee was a student, the Tribunal ought not to have come to the conclusion that she could not have indulged in any business activit.....

2015 (5) TMI 121 - DELHI HIGH COURT

Religare Finvest Ltd Versus Commissioner of Income Tax

Revision u/s 263 - a complete consideration of the record would reveal that the expenditures claimed were in respect of payments made to related party transactions which had not been taken into consideration at the original assessment stage - Held th.....

2015 (5) TMI 73 - ITAT DELHI

Jaypee Infratech Ltd. Versus Commissioner of Income Tax

Revision u/s 263 - Deduction in respect of profits and gains from Industrial undertaking or enterprises engaged in infrastructure development etc - AO finalised the assessment proceedings with a final conclusion that on the facts of the case, the ass.....

2015 (5) TMI 146 - ITAT PUNE

Universal Construction Machinery and Equipments Ltd. Versus The Asst. Commissioner of Income Tax

Disallowance of interest u/s 36(1)(iii) - assessee had utilized interest bearing funds for making interest free advances to sister concerns and therefore, the interest attributable to such advances was to be disallowed while computing the business in.....

2015 (5) TMI 536 - ITAT HYDERABAD

Kushal Kumar Kankaria, Dinesh Kumar Kankaria & Sanjay Kumar Kankaria Versus Asst. Commissioner of Income tax

Revision u/s 263 - levy of tax on capital gains pursuant to the development agreement - Held that - In the present case, AO has not at all examined the issue, though, materials relating to entering into the development agreement are available on reco.....

2015 (4) TMI 682 - BOMBAY HIGH COURT

The Commissioner of Income Tax-15 Versus M/s. Fortaleza Developers

Entitlement to deduction under section 80IB(10) - Review u/s 263 - Held that - The contract between the two parties was self explanatory and the interpretation placed by the Assessee on clause 7 and claiming deduction under section 80IB(10) is in ord.....

2015 (4) TMI 630 - BOMBAY HIGH COURT

M/s. Vijay Udhyog, Akola Versus The Commissioner of Income Tax (Vidarbha)

Revision u/s 263 - whether Assessee is entitled to a deduction under Section 80I? - Held that - When two opinions or views are available and one of the possible view is reached by the Assessing Officer, recourse to Section 263 of the Income Tax Act i.....

2015 (4) TMI 838 - BOMBAY HIGH COURT

M/s Sterling Construction & Investments Versus Assistant Commissioner of Income Tax (Inv.) Cir 21(1), Mumbai

Revision u/s 263 - whether the Order passed by the AO under Section 143(3) r.w.s. 144A was erroneous and prejudicial to the interest of the revenue? - whether compensation received by the Appellant as per the Consent Terms dated 19.08.1994 was on acc.....

2015 (4) TMI 865 - ITAT HYDERABAD

M/s. Sree Satya Sai Transport Versus Income Tax Officer

Revision of assessment order - CIT noticed huge amount of withdrawals/ payments by the party - Provisions contained u/s 263 cannot be used as a tool to start roving and fishing enquiry - Held that - As submitted by the learned counsel for the assesse.....

2015 (4) TMI 676 - ITAT DELHI

Surinder Malik Versus CIT-XI

Revision of assessment order - Deduction u/s 80IC of Income Tax Act,1961 - Deduction already allowed in the immediately preceding assessment year - Sale to related companies at a high margin - Pre-requisite conditions of eligibility of deduction exam.....

2015 (5) TMI 359 - ANDHRA PRADESH HIGH COURT

Commissioner of Income Tax-II Visakhapatnam Versus Shri Varanasi Khanta Rao, Prop. Sri Sai Srinivasa Modern Rice Mill

Revision u/s 263 - whether ITAT Visakhapatnam, is justified in holding that the CIT(A) did not exercise his jurisdiction under Section 263 properly? - Held that - A perusal of the order of the Assessing Officer would show that the return of income fi.....

2015 (5) TMI 615 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME TAX Versus VALLABHDAS VITHALDAS

Revision u/s 263 - whether Tribunal was right in coming to the conclusion that the basis of intervention by the Commissioner should be part of the records in the assessment proceedings of the assessee and the statements in the search operations regar.....

2015 (4) TMI 221 - ITAT DELHI

Girnar Textiles Versus CIT, Meerut

Validity of revision u/s 263 - CIT rejected the books of accounts - Assessee has taken new unsecured loan and AO has obtained confirmation only Bank A/c of lender has not been obtained to examine the creditworthiness - Assessee has paid designing cha.....

 
   
 
 
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