Revision u/s 263 - The argument of the petitioner that the ...

Case Laws Income Tax

May 27, 2022

Revision u/s 263 - The argument of the petitioner that the assessment order was not prejudicial to the interest of revenue and therefore the proceeding under Section 263 was liable to be quashed cannot be countenanced. A proceeding under Section 263 of the Income Tax Act, 1961 cannot be scuttled. Further, the petitioner participated in the proceeding initiated under Section 263 of the Income Tax Act, 1961. Therefore, it is not open to the petitioner to turn around to state that the proceeding was without jurisdiction. - HC

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Revision u/s 263 - The argument of the petitioner that the ...

Case Laws Income Tax

May 27, 2022

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