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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Revision u/s 263 - AO who passed the order on September 30, ...


High Court Rules AO's Order Invalid Due to Lack of Jurisdiction for Income Over Five Lakhs; Section 263 Not Applicable.

February 20, 2015

Case Laws     Income Tax     HC

Revision u/s 263 - AO who passed the order on September 30, 2008, had no jurisdiction to complete the assessment as the return of income for the assessment year 2007-08 was over rupees five lakhs - Assessee may not be aware of this situation - Revision is not valid - HC

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