[aaykarbhavan] AO’s action of allowing sec. 80-IB relief in haste without making proper inquiry calls for sec. 263 revision

AO's action of allowing sec. 80-IB relief in haste without making proper inquiry calls for sec. 263 revision

May 5, 2014[2014] 44 taxmann.com 319 (Kerala)

IT : Where Assessing Officer even though taking a view that there existed possibility of violation of approved building plan, allowed assessee's claim for deduction under section 80-IB(10) as assessment was getting time barred, it being a case of non-application of mind, Commissioner was justified in setting aside assessment in exercise of revisional power under section 263

 

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 3

• Privacy • Unsubscribe • Terms of Use