Posted inBlog
ITAT Delhi Rules PCIT Cannot Revise Bogus Purchase Addition When Two Views Exist
Discover the ITAT Delhi ruling stating the PCIT cannot revise bogus purchase additions under Section 263 when two plausible views exist.
Posted inBlog
Section 263 Not Invocable for Non-Initiation of Section 270A Penalty: ITAT Ahmedabad
The ITAT Ahmedabad ruled that tax authorities cannot use Section 263 to revise assessments just because an officer skipped Section 270A penalties.