2018 (7) TMI 2335 - HC - Income Tax

Revision u/s 263 interpreting Section 44 BB - Following substantial question of law is framed - Whether the Income Tax Appellate Tribunal was right in setting aside and quashing the order passed by the Commissioner of Income Tax under Section 263 of the Income Tax Act 1961 interpreting Section 44 BB of the afore-stated Act. To be shown in Regular List as per its turn. Liberty is granted to the parties to file papers/documents which were filed before the Assessing Officer/Commissioner of Income Tax/Income Tax Appellate Tribunal.

Summary

The Delhi High Court accepted notice in a case involving the interpretation of Section 44 BB of the Income Tax Act, 1961. The Income Tax Appellate Tribunal's decision to set aside the Commissioner of Income Tax's order under Section 263 was questioned. The case is admitted for further proceedings. Parties are allowed to submit relevant documents.