[aaykarbhavan] Analysis of order of ITAT Kolkata on 263 proceedings

Recent ITAT order on S.263 holding Revisionary Proceedings    valid for lack of adequate enquiries on share capital raised

There has been a spate of S.263 proceedings in Kolkata against investment companies raising share capital and assessments done by the A.Os have been set aside for re-doing. As many as 400-plus S. 263 orders are under challenge before ITAT, Kolkata in respect of A.Y :2008-2009 and many more such orders have been challenged for subsequent years. First  order on one such case has been passed on 14 th August,2014 holding S. 263 proceedings valid on account of lack of proper enquiry by the A.O.

see full text at:

www.subashagarwal.blogspot.in

 

Advocate Subash Agarwal  
Subash Agrawal & Associates 
                              ( Advocates )
"SIDDHA GIBSON"  
1, Gibson Lane, (Through British Indian Street)  
Suite No.213, 2nd Floor, Kolkata-700 069  
Email id- subash_sushma@yahoo.in  
Tell no-3028 3282/80/81/83/84.     

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Posted by: Nitesh More <moreassociate@gmail.com>

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