Relief to Aishwarya Rai Bachchan: Income Tax Proceedings against her were invalid and illegal

When, an assessment framed by the learned Assessing Officer is unsustainable in the eyes of law, the said invalid and illegal order cannot be the subject matter of section 263 proceedings

The Income Tax Appellate Tribunal (ITAT) Mumbai, in the matter of Aishwarya Rai Bachchan V/S The Pr. CIT-8 has ruled out that the Commissioner of Income Tax cannot invoke his revisional jurisdiction under section 263 of the Income Tax Act, 1961 merely on the ground of an invalid re-assessment order passed by the Assessing Officer.

The bench held that “In view of the aforesaid observations, we have no hesitation in quashing the revision order passed by the ld. PCIT u/s.263 of the Act for more than one reason as detailed supra. Accordingly, the grounds raised by the assessee are allowed.”

The Judgement was made by Shri M. Balaganesh, Accountant Member, and Shri Kuldip Singh, Judicial Member

The Appellant i.e. Aishwarya Rai Bachchan represented by Advocate Shri Mani Jain and the Respondent The Pr. CIT-8 was represented by Advocate Shri Shekhar L. Gajbhiye.

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