2020 (1) TMI 1572

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....Narayanasamy Senior Standing Counsel. JUDGMENT Judgment of the Court was delivered by N. Kirubakaran, J. The Appellant company has been engaged with providing and maintaining of industrial complexes/parks with basic infrastructure like roads, street lights etc., and the appellant has declared total income of Rs.1,43,09,96,100/- for the Assessment years 2014-15. The appellant's case was sel....

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....laced before it in the proper perspective in respect of jurisdiction of the Principal Commissioner of Income Tax in exercising jurisdiction under Section 263 of the Income Tax Act, 1961, but erroneously observing that the assessee had not filed the relevant documents to come to an exact conclusion in respect of the claim of deduction under Section 80IA of the Act? (ii) Whether on the facts and ....

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....of the appellant and Mr. J. Narayanasamy, learned senior standing counsel appearing on behalf of the respondent. 4. It is evident from the records that though the appellant has raised the issue of jurisdiction of the Commissioner, under Section 263 to initiate suo motu revision especially when an appeal against Assessment Order has been filed and heard and order has been passed by the Appellate ....