https://www.taxtmi.com/caselaws?id=362899 The High Court held that the notices issued under section 263 of the Income Tax Act for assessment year 2004-05 lacked jurisdiction. The Court found the orders erroneous and prejudicial to Revenue's interests, quashing the notices and ruling in favor of the petitioner, a State-owned Corporation. The Court criticized the 2nd respondent's interpretation and dismissed the Revenue's arguments, ultimately allowing the writ petitions and closing the connected miscellaneous petitions without awarding costs. en-us Mon, 25 Jun 2018 00:00:00 +0530 Thu, 05 Jul 2018 10:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362899 The High Court held that the notices issued under section 263 of the Income Tax Act for assessment year 2004-05 lacked jurisdiction. The Court found the orders erroneous and prejudicial to Revenue's interests, quashing the notices and ruling in favor of the petitioner, a State-owned Corporation. The Court criticized the 2nd respondent's interpretation and dismissed the Revenue's arguments, ultimately allowing the writ petitions and closing the connected miscellaneous petitions without awarding costs. Case-Laws Income Tax Mon, 25 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362899