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1 - 6 of 6 (0.25 seconds)Section 263 in The Companies Act, 2013 [Entire Act]
Asstt. Commissioner Of Income Tax vs M/S Sarda Energy And Minerals Ltd. 23 ... on 4 July, 2019
The
Explanation-2 to section 263 of the Act can be invoked only
when no enquiries or verification is carried on otherwise it
cannot be invoked. In the given case, the Assessing Officer
has carried on the enquiries and verification to his satisfaction
which may not be to the satisfaction to the Ld. Pr. CIT.
Therefore, assumption of jurisdiction fails. We take force in
the decision of the Hon'ble Delhi High Court in CIT v/s
Brahma Centre Developments Pvt. Ltd., ITA no.116 of 2021 &
ITA no.118 of 2021 (Del.), judgment dated 05.07.2021.
Consequently, we set aside the impugned order passed by the
learned PCIT by allowing the grounds of appeal raised by the
assessee."
Section 68 in The Income Tax Act, 1961 [Entire Act]
Section 52 in The Companies Act, 2013 [Entire Act]
The Companies Act, 1956
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