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Reopening of case u/s.263

This query is : Resolved 

06 July 2011 Can an order passed by ITO u/s143(3)by disallowing certain expenses be reopened by the CIT by adding back bad debts which was allowed or not considered by ITO in his earlier order?
Can CIT pass an order u/s 263 by introducing his own grounds & dissallowing bad debts which was earlier not yet considered by ITO in his order?

09 July 2011 Yes. The CIT is vested with the powers to revise any order of his subordinates provided the twin conditions are satisfied.Hence from the facts narrated it appears that the CIT can do.


siva208@yahoo.com


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