TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The HC upheld the Principal Commissioner's suo motu revision under Section 263 of the Income Tax Act, allowing limited remand to the AO. The Court found the AO's rejection of the assessee's claims on seven of nine remitted points was without recorded reasons, rendering the order legally invalid. Emphasizing the mandatory requirement to provide reasoned orders, the Court held that absence of reasons violates principles of fairness and transparency, impeding effective judicial scrutiny and the assessee's right to know grounds for disallowance. Consequently, the impugned order was quashed, and the matter remanded to the AO for fresh adjudication of the seven points with proper reasoning and opportunity for hearing, directing completion within three months.
TaxTMI 
