| |
| The Tax Publishers2019 TaxPub(DT) 0472 (Chd-Trib) INCOME TAX ACT, 1961
Section 263
Issue of wealth-tax could not be a subject matter of proceedings under section 263 of IT Act, 1961 which otherwise could have been taken care by section 25(2) of WT Act which CIT failed to invoke.
|
Revision under section 263 - Erroneous and prejudicial order - Invocation of jurisdiction - Wealth tax issue
CIt invoked jurisdiction under section 263 on the ground that AO failed to examine assessee's case from the point of wealth-tax liability with regard to fixed assets mainly cars.Held: Issue of wealth-tax could not be a subject matter of proceedings under section 263 of IT Act, 1961 which otherwise could have been taken care by section 25(2) of WT Act which CIT failed to invoke.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. :
INCOME TAX ACT, 1961
section 263
 SUBSCRIBE FOR FULL CONTENT
|