2019 (7) TMI 2064

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....see. In different appeals, different questions have been raised, however central issue is of the validity of the orders passed by the Commissioner of Income Tax in exercise of power under section 263 of the Income Tax Act, 1961 ('the Act' for short). Since the questions sought to be raised by the revenue in Income Tax Appeal No. 495 of 2017, would cover similar questions arising in other appeals, we may take note of such questions : "1. Whether on the facts and circumstances of the case and in law, the ITAT was correct in quashing the order u/s. 263 without appreciating the fact that the Assessing Officer did not carry out the desired inquires into the various issues mentioned in order u/s. 263 of the Act and therefore order of th....

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....ore allowed the deduction u/s. 10B without any verification ? 4.Whether on the facts and circumstances of the case and in law, the ITAT was correct in not appreciating that the financial result of the Dubai branch of the assessee were accepted without carrying out any investigation into its correctness and therefore the assessment order was erroneous and prejudicial to the interest of revenue within the meaning of section 263 of the Act ? 5. Whether on the facts and circumstances of the case and in law, the ITAT was correct in not appreciating that the Assessing Officer did not carry out any investigation into the details of 151 entities found during the course of search and accepted the self serving contention of the assessee without....