#IncomeTaxAct #Section263 #OpenRemand #FreshAssessment #AppealProcess #TaxLaw #CommissionerOrder

#IncomeTaxLaw #Section263 #RevisionalPower #CommissionerOfIncomeTax #ErroneousAssessment #PrejudicialToRevenue #NonAdjudication #VerificationOnly #LegalProvisions #TaxScrutiny

CA Nitin Pathak https://t.co/Nxw7wNrYsq A recent ITAT Delhi order (Harun Ali vs Pr. CIT, ITA No. 3444/Del/2025, AY 2015-16) sheds light on the importance of limited scrutiny assessments. #IncomeTax #ITAT #Section263 #TaxLitigation #DirectTax #CASS #CAIndia

𝑰𝒏𝒄𝒐𝒎𝒆 𝑻𝒂𝒙 𝑰𝒏𝒔𝒉𝒐𝒓𝒕 60 𝗜𝗡𝗖𝗢𝗠𝗘 𝗧𝗔𝗫 𝗔𝗣𝗣𝗘𝗟𝗟𝗔𝗧𝗘 𝗧𝗥𝗜𝗕𝗨𝗡𝗔𝗟- 𝗖𝗛𝗘𝗡𝗡𝗔𝗜 𝗦𝘂𝗯𝗷𝗲𝗰𝘁: 𝗥𝗲𝘃𝗶𝘀𝗶𝗼𝗻 #IncomeTaxInshorts #ITATChennai #IncomeTaxAct #Section263 #CapitalLoss #LongTermCapitalLoss #BusinessLoss #RevisionProceedings

ITAT Raipur Quashes ₹65 Lakh Addition as “Unsustainable” #ITAT #IncomeTaxIndia #Section263 #Section68 #TaxTribunal #Reassessment #LegalUpdate

https://t.co/oznyGdhqpy #section263 #expenditure #csr #ao #incometaxact #taxscan #taxnews

𝑰𝒏𝒄𝒐𝒎𝒆 𝑻𝒂𝒙 𝑰𝒏𝒔𝒉𝒐𝒓𝒕 35 Income Tax Appellate Tribunal - Mumbai 𝗧𝗼𝗽𝗶𝗰 : 𝗥𝗲𝘃𝗶𝘀𝗶𝗼𝗻 𝗼𝗳 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 𝗢𝗿𝗱𝗲𝗿 𝘂𝗻𝗱𝗲𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟮𝟲𝟯... #IncomeTax #ITAT #Section263 #TaxUpdate #TaxLitigation #TaxLaw #IncomeTaxIndia #AssessmentOrder

Improper Section 263 Invocation: ITAT Reverses PCIT's Order Overturning a Valid Assessment of Section 80IC Deduction https://t.co/4Arb6STUIa #TaxLaw #ITAT #Section263 #IncomeTaxAppellateTribunal

https://t.co/3dPtazVvBy #IncomeTax #Section263 #Demerger #TaxRevision #MadrasHC

Bombay High Court Upholds Tata Steel's Classification Of Rs. 212.52 Crore CAF Contribution As Revenue Expenditure . Link to read full News : https://t.co/kIyApEed6n . #TataSteel #BombayHighCourt #RevenueExpenditure #AssessmentYear #ITAT #Section263 #CIT

🚨 Taxsutra Alert Delhi ITAT: AO must examine all issues noticed during reassessment. Failure to verify source of a ₹40.45L import = reassessment order erroneous & prejudicial (Sec 263 upheld). 🔗 https://t.co/V5zA6OFzG0 #Taxsutra #ITAT #Section147 #Section263 #TaxUpdate

Revision under Section 263 quashed where AO properly inquired under Sections 153A, 153D on Section 43CA issue - ITAT allowed the assessee's appeal and quashed the revisionary order passed u/s 263. It held that the a... https://t.co/zoEPTFPtvq #Section263 #Section153a #Section43ca

ITAT quashes PCIT revision under Section 263; audit objection no ground where AO followed binding precedent - ITAT allowed the assessee's appeal and quashed the revisional order passed u/s 263 by the PCIT. It held t... https://t.co/3DaF9u5T7H #Incometax #Section263 #Taxlitigation

Alleged cash payment for development rights purchase: Section 263 revision despite 153D approval set aside after adequate enquiries - Revision under section 263 was invoked on the ground that the assessment under... https://t.co/bqUYfeFabo #Incometax #Section263 #Searchassessment

ITAT Rajkot: Sec 263 revision quashed where AO had examined penny stock LTCG and taken a plausible view. Once inquiries are made and evidence verified, PCIT can’t revise merely for a different opinion. #IncomeTax #Section263 #LTCG

“Such matters” ≠ “Subject matter” Words ‘matter’ in tax laws - holds the Income-Tax Appellate Tribunal Shyam Metalics and Energy Ltd vs ACIT (ITA No.873/KOL/2024): Reported by @Taxsutra @RTTaxsutra #Tax #Litigation #ITAT #Section263

Vivad Se Vishwas settlement bars PCIT revision; ITAT quashes unsustainable reassessment attempt under Section 263 - ITAT allowed the assessee's appeal and quashed the revisionary order passed by PCIT u/s 263. I... https://t.co/XTU61nnemD #Vivadsevishwas #Section263 #Taxlitigation

#MadrasHighCourt holds that the Income Tax Commissioner cannot revise an assessment under Section 263 based on a wrong assumption of amalgamation, and sets aside the revision order. #IncomeTax #TaxLaw #Section263

𝐂𝐚𝐧 𝐚𝐧 𝐚𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 𝐛𝐞 𝐮𝐩𝐡𝐞𝐥𝐝 𝐢𝐟 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐬𝐬𝐢𝐧𝐠 𝐎𝐟𝐟𝐢𝐜𝐞𝐫 𝐟𝐚𝐢𝐥𝐬 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐞 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐜𝐥𝐚𝐢𝐦𝐬? https://t.co/tgqBErALh8 #MetalegalAdvocates #MetalegalCourtRuling #IncomeTaxAct #Section263