Revision u/s 263 - deduction claim u/s 80IA and excess claim of ...

September 10, 2021

Case Laws Income Tax AT

Revision u/s 263 - deduction claim u/s 80IA and excess claim of depreciation - Case of assessee as selected for limited scrutiny - - revisional jurisdiction u/s 263 cannot be exercised by the ld PCIT as the same would tantamount to broadening the scope of jurisdiction that was originally vested with the A.O while framing the assessment u/s 143(3) of the Act in case of limited scrutiny case.. - AT

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Revision u/s 263 - deduction claim u/s 80IA and excess claim of ...

September 10, 2021

Case Laws Income Tax AT

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Penalty levied u/s 274 read with Section 270A - assessee computed tax on disallowed depreciation amount at maximum marginal rate and levied 200% penalty on payable tax -...

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