De-notification of Customs Area and termination of Container Freight Station custodian and Customs Cargo Service Provider authority effective 07-01-20...
Transition support services from corporate spinoff for India business segment - TP adjustment deleted; comparables reassessed; goodwill depreciation, ...
Page of 4828
Press 'Enter' after typing page number.
7341 to 7360 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT allowed the assessee's appeal and quashed the revisionary order u/s 263 passed by the PCIT. It held that the computation sheet forming part of the assessment order correctly reflected the net LTCG after reducing the LTCG already disclosed in the return, and that only the narrative portion of the assessment order contained an incorrect gross LTCG figure. As there was no error in the actual computation to render the assessment order erroneous or prejudicial to the interest of Revenue, the assumption of jurisdiction u/s 263 was held invalid.
ITAT allowed the assessee's appeal and quashed the revisionary order u/s 263 passed by the PCIT. It held that the computation sheet forming part of the assessment order correctly reflected the net LTCG after reducing the LTCG already disclosed in the return, and that only the narrative portion of the assessment order contained an incorrect gross LTCG figure. As there was no error in the actual computation to render the assessment order erroneous or prejudicial to the interest of Revenue, the assumption of jurisdiction u/s 263 was held invalid.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
