CIT's jurisdiction u/s 263 invalid if Section 153A assessment is flawed. Foundational assessment must be sustainable.

CIT's jurisdiction u/s 263 invalid if Section 153A assessment is flawed. Foundational assessment must be sustainable. https://www.taxtmi.com/highlights?id=21043 Exercise of jurisdiction by CIT u/s 263 – Assessment made u/s 153A - when assessment itself is not sustainable, no exercise of jurisdiction u/s 263 of the Act on such assessment is sustainable - AT en-us Tue, 16 Dec 2014 06:43:59 +0530 Tue, 16 Dec 2014 06:43:59 +0530 TaxTMI RSS Generator CIT's jurisdiction u/s 263 invalid if Section 153A assessment is flawed. Foundational assessment must be sustainable. https://www.taxtmi.com/highlights?id=21043 Exercise of jurisdiction by CIT u/s 263 – Assessment made u/s 153A - when assessment itself is not sustainable, no exercise of jurisdiction u/s 263 of the Act on such assessment is sustainable - AT Highlights Income Tax Tue, 16 Dec 2014 06:43:59 +0530 https://www.taxtmi.com/highlights?id=21043