https://www.taxtmi.com/caselaws?id=763531 Delhi HC upheld Tribunal's decision quashing CIT's revision order u/s 263. CIT alleged share transfer was sham device to avoid Dividend Distribution Tax u/s 115-O, but failed to establish how perceived liability of one entity could justify revising assessment of different assessee entity. Court found revision order unsustainable as CIT couldn't demonstrate additional tax liability on actual assessee or that original assessment was erroneous and prejudicial to revenue. en-us Wed, 11 Dec 2024 00:00:00 +0530 Fri, 10 Apr 2026 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763531 Delhi HC upheld Tribunal's decision quashing CIT's revision order u/s 263. CIT alleged share transfer was sham device to avoid Dividend Distribution Tax u/s 115-O, but failed to establish how perceived liability of one entity could justify revising assessment of different assessee entity. Court found revision order unsustainable as CIT couldn't demonstrate additional tax liability on actual assessee or that original assessment was erroneous and prejudicial to revenue. Case-Laws Income Tax Wed, 11 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763531