Income Tax Act, 1961 with Section 263

Supreme Court clarifies ‘cost of improvement’ under Section 55(1)(b) of the IT Act: Commissioner of Income Tax vs. M/s. Paville Projects Pvt. Ltd. (2023)

Supreme Court clarifies ‘cost of improvement’ under Section 55(1)(b) of the IT Act: Commissioner of Income Tax vs. M/s. Paville Projects Pvt. Ltd. (2023) Date of the Judgment: April 06, 2023 Citation: Civil Appeal No. 6126 of 2021 (@ SLP (C) NO. 13380 OF 2018) Judges: M.R. Shah, J. and A.S. Bopanna, J. Can payments […]

Supreme Court clarifies ‘cost of improvement’ under Section 55(1)(b) of the IT Act: Commissioner of Income Tax vs. M/s. Paville Projects Pvt. Ltd. (2023) Read Post »

Supreme Court clarifies the limitation period for revisions under Section 263 of the Income Tax Act: Commissioner of Income Tax vs. Mohammed Meeran Shahul Hameed (2021)

Supreme Court Clarifies Limitation for Section 263 Income Tax Revisions: Commissioner of Income Tax vs. Mohammed Meeran Shahul Hameed (2021) LEGAL ISSUE: Interpretation of the limitation period for revision orders under Section 263 of the Income Tax Act, 1961. CASE TYPE: Income Tax Law. Case Name: The Commissioner of Income Tax, Chennai vs. Mohammed Meeran

Supreme Court clarifies the limitation period for revisions under Section 263 of the Income Tax Act: Commissioner of Income Tax vs. Mohammed Meeran Shahul Hameed (2021) Read Post »

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