Assessee challenges the assumption of jurisdiction u/s. 263 of the Income Tax Act

Last updated: 11 May 2021
Quick Summary
This Income Tax Appellate Tribunal case involves an assessee challenging the Principal Commissioner's authority to review a tax assessment under Section 263 of the Income Tax Act. The assessee argues that the Principal Commissioner lacked the proper jurisdiction to issue the review order. The core of the challenge lies in the fact that the review was initiated based on a proposal from the Assessing Officer, who had apparently failed to act on available information.

Court :
ITAT Kolkata

Brief :
This appeal preferred by the assessee is against the order of Ld. Pr. CIT-10, Kolkata dated 11.12.2018 for A Y 2014-15 passed u/s. 263 of the Income-tax Act, 1961 (hereinafter referred to as the “Act”).

Citation :
I.T.A. No. 260/Kol/2019

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