Validity of exercising jurisdiction u/s.263 - Application of the ...

Jurisdiction Validity u/s 263: Income Diversion, Inherited Assets, and State vs. Taxpayer Prejudice Explained.

March 10, 2016

Case Laws Income Tax AT

Validity of exercising jurisdiction u/s.263 - Application of the principle of diversion of income by overriding title - transfer of capital asset inherited - The line of difference between ss. 263 and 264 is that while the former can be invoked to remove the prejudice caused to the State the latter can be invoked to remove the prejudice caused to the assessee. - AT

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Validity of exercising jurisdiction u/s.263 - Application of the ...

Jurisdiction Validity u/s 263: Income Diversion, Inherited Assets, and State vs. Taxpayer Prejudice Explained.

March 10, 2016

Case Laws Income Tax AT

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