https://www.taxtmi.com/caselaws?id=122537 The Tribunal held that the CIT's revisional order under Section 263 was invalid as the grounds for invoking it differed from those stated in the notice. The Tribunal found no concrete evidence to support the CIT's concerns regarding dividend income distribution among partners and the applicability of Section 14A. It affirmed the firm's assessment as a partnership, noting compliance with Section 184 conditions since 1998. The assessment order was restored, and the assessee's appeal was allowed, rejecting the CIT's direction to reassess the firm as an AOP. en-us Thu, 21 Jan 2010 00:00:00 +0530 Fri, 12 Jan 2018 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122537 The Tribunal held that the CIT's revisional order under Section 263 was invalid as the grounds for invoking it differed from those stated in the notice. The Tribunal found no concrete evidence to support the CIT's concerns regarding dividend income distribution among partners and the applicability of Section 14A. It affirmed the firm's assessment as a partnership, noting compliance with Section 184 conditions since 1998. The assessment order was restored, and the assessee's appeal was allowed, rejecting the CIT's direction to reassess the firm as an AOP. Case-Laws Income Tax Thu, 21 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122537