Export obligation removed by notification, customs duty demand invalidated; penalties under s.112 and s.114AA quashed due to inadmissible s.108 statem...
Customs officers must wear and use department-issued body-worn cameras when clearing passenger baggage, with daily secure transfer and 30-day retentio...
Page of 4827
Press 'Enter' after typing page number.
10021 to 10040 of 96536 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT held that the revisionary orders passed by PCIT under s.263 were ultravires and unsustainable. The Tribunal found that the AO, in assessments framed under s.153A, did not make additions based on any incriminating material seized in the search, nor did the PCIT's s.263 order record reliance on such material. The PCIT's examination of the assessee's entitlement to deduction under s.80IC went beyond the scope of the s.153A assessment and thus outside the jurisdictional ambit of s.263. Consequently, the s.263 order was quashed as erroneous for lack of statutory mandate; the Tribunal did not adjudicate on the substantive merits of the s.80IC claim.
ITAT held that the revisionary orders passed by PCIT under s.263 were ultravires and unsustainable. The Tribunal found that the AO, in assessments framed under s.153A, did not make additions based on any incriminating material seized in the search, nor did the PCIT's s.263 order record reliance on such material. The PCIT's examination of the assessee's entitlement to deduction under s.80IC went beyond the scope of the s.153A assessment and thus outside the jurisdictional ambit of s.263. Consequently, the s.263 order was quashed as erroneous for lack of statutory mandate; the Tribunal did not adjudicate on the substantive merits of the s.80IC claim.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
