Judgement

The ITAT Ahmedabad dismissed an appeal filed by assessee against an order passed by the PCIT under Section 263 of the Income Tax Act, 1961. 



ITAT Dismisses Assessee’s Appeal Against Section 263 Order After Withdrawal

ITAT Jaipur dismissed the Revenue’s appeal, holding that the consequential assessment had become infructuous after the Tribunal quashed the underlying Section 263 order.

ITAT Dismisses Revenue Appeal, Holds Consequential Assessment Infructuous After Section 263 Order Quashed

The ITAT Ahmedabad held PCIT validly invoked Section 263 after DVO report revealed undervaluation affecting capital gains.

ITAT Upholds Section 263 Revision Based on DVO Report Received After Assessment

The ITAT Delhi has held that once the AO has made an inquiry the PCIT cannot invoke Section 263 merely because he considers that more detailed inquiries should have been undertaken.


ITAT Rules Mere inadequacy of Inquiry is not a Ground to Invoke Section 263 

Tribunal holds consequential assessment void after Section 263 order is quashed, without examining deduction merits.

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed.

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed

The ITAT holds a consequential assessment cannot survive after a revision order is quashed without any stay order.

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ITAT Dismisses Assessee’s Appeal Against Section 263 Order After Withdrawal

ITAT Dismisses Revenue Appeal, Holds Consequential Assessment Infructuous After Section 263 Order Quashed

ITAT Upholds Section 263 Revision Based on DVO Report Received After Assessment

ITAT Rules Mere inadequacy of Inquiry is not a Ground to Invoke Section 263

ITAT Holds Section 263 Assessment Cannot Survive After Revision Order Is Quashed

ITAT Quashes Consequential Assessment After Section 263 Revision Order Fails