Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Revisional jurisdiction under section 263 was not available where the assessment in limited scrutiny was completed after the assessee disclosed the survey declaration and responded to section 142(1) notices, and the Assessing Officer considered those materials. Applying Malabar Industrial and Arvind Jewellers, revision lies only when the assessment order is both erroneous and prejudicial to the interests of the Revenue; a mere difference of opinion on the same material is insufficient. On the facts found, no such error was shown, so the Tribunal was right to quash the revisional order and no substantial question of law arose.
Revisional jurisdiction under section 263 was not available where the assessment in limited scrutiny was completed after the assessee disclosed the survey declaration and responded to section 142(1) notices, and the Assessing Officer considered those materials. Applying Malabar Industrial and Arvind Jewellers, revision lies only when the assessment order is both erroneous and prejudicial to the interests of the Revenue; a mere difference of opinion on the same material is insufficient. On the facts found, no such error was shown, so the Tribunal was right to quash the revisional order and no substantial question of law arose.
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