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ITAT Ranchi Invalidates Section 148A(b) Tax Notice for Insufficient Time
ITAT Ranchi sets aside a tax reassessment notice under Section 148A(b) and Section 263 proceedings due to a failure to provide seven clear days.
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Section 263 Cannot Be Invoked for Inadequate Inquiry ITAT Raipur Ruling
ITAT Raipur rules that Section 263 revision cannot be initiated for inadequate inquiry or roving enquiries when loan issues are examined.
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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.
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Section 263 Cannot Cure Wrong Penalty Provision in Assessment Order: ITAT Chennai
In a significant legal development, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a revision order under Section 263 of the Income Tax Act cannot…