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2013 (10) TMI 1233 - KERALA HIGH COURTValidity of revisionary order u/s 263 passed by the CIT – Held that:- Order of the Commissioner passed under Section 263 of the Act is a detailed order discussing each of the nine points raised by the revisional authority - Ultimately, following the decision of Apex Court in Malabar Industrial Co. Ltd. v. CIT [ 2000 (2) TMI 10 - SUPREME Court], Tribunal also confirmed the opinion of the Commissioner that there was no application of mind while considering the assessment under Section 143(3) of the Act, therefore, it is not only erroneous, but also prejudicial to the interest of revenue – Decided against the Assessee.
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