Search Results for "Section 264 revision"

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Search Results for "Section 264 revision"

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High Court

Bombay High Court Allows Revision Petition Under Section 264 of Income Tax Act Despite Retrospective Amendment After Assessment Order. Commissioner Must Consider Retrospective Amendment as Law Deemed to Exist on Date of Assessment Order.

22 Dec 2014

The petitioner, Kalpesh M. Nagda, filed his return of income for Assessment Year 2003-2004 on 25 November 2003, declaring total income of Rs.48,22,312...

High Court

Bombay High Court Allows Revision Petition Against Rejection of Section 264 Application for FBT Refund. Intimation under Section 143(1) of the Income Tax Act, 1961 is an assessment order for the purpose of revision under Section 264.

17 Jan 2024

The petitioner, Hindalco Industries Limited, filed a writ petition challenging an order dated 6 March 2019 passed by the Principal Chief Commissioner ...

High Court

Bombay High Court Allows Writ Petition Challenging Rejection of Revision Petition Under Section 264 of Income Tax Act, 1961 — Mistake in Return of Income Due to Inadvertent Error by Accountant. Court holds that the Principal Commissioner ought to have considered the petitioner's explanation of a bona fide mistake and set aside the intimation under Section 143(1) to allow rectification.

8 Apr 2021

The petitioner, an individual, filed her return of income for Assessment Year 2018-19 on 20 July 2018, showing total income of Rs. 27,05,646/- from ho...

High Court

Bombay High Court Allows Revision Petition Under Section 264 of Income Tax Act, 1961 for Non-Grant of Indexed Cost of Improvement in Capital Gains Computation. The Principal Commissioner's rejection of the revision application was set aside as the claim for indexed cost of renovation expenses incurred in 1990 was a lawful claim that ought to have been considered.

13 Oct 2023

The petitioner, an individual resident, filed his return of income for Assessment Year 2007-08 on 21 August 2007 declaring total income of Rs.8,49,118...

High Court

Bombay High Court Dismisses Assessee's Writ Petition Challenging Rejection of Revision Application Under Section 264 of Income Tax Act, 1961 — Subsidy Held as Revenue Receipt, Not Capital. The Court ruled that acceptance of subsidy as taxable income in the returns and before the Settlement Commission precluded later challenge, and the settlement order was final and binding.

4 Feb 2019

The dispute arose from the petitioner, a public limited company engaged in textile manufacturing, having received interest reimbursement subsidies und...

High Court

Bombay High Court Allows Revision Petition in Income Tax Refund Interest Calculation Case — Held that Section 214 Amendment Applies to Pending Proceedings and Assessing Officer Must Recompute Interest. The court directed the assessing officer to recompute interest under Section 214 of the Income Tax Act, 1961, while giving effect to the appellate order.

13 Dec 2005

The petitioner, M/s Ultramarine & Pigments Ltd., filed a writ petition challenging the order dated 30th January 1992 passed by the Commissioner of Inc...

High Court

WRIT PETITION NO. 2320 OF 2018

4 Feb 2019

The matter arises from a writ petition filed by Mandhana Industries Ltd, a public limited company engaged in textile manufacturing, against an order o...

High Court

Bombay High Court Allows Revision Under Section 264 of Income Tax Act for Inadvertent Double Taxation of Bonus Provision. The court held that the Commissioner's revisional powers under Section 264 are wide enough to grant relief even after the time for filing a revised return under Section 139(5) has expired, to correct an inadvertent mistake leading to double taxation of excess bonus provision.

23 Sep 2024

The petitioner, Bahar Infocons Pvt. Ltd., filed three writ petitions challenging orders of the Principal Commissioner of Income Tax (PCIT) rejecting i...

High Court

Bombay High Court Allows Sikkimese Actor's Tax Exemption Claim Under Section 10(26AAA) of Income Tax Act, 1962 with Retrospective Effect. The court held that the Commissioner has power under Section 264 to revise any order, including intimation under Section 143(1), and remanded the matter for fresh consideration.

20 Sep 2010

The petitioner, Danny Denzongpa (alias Tshering Pintso), an Indian national of Sikkimese origin and a film actor, filed multiple writ petitions challe...

High Court

Bombay High Court Allows Revision Against Discharge in Forgery Case, Restores Process Against Accused. Court holds that Magistrate's order discharging accused for want of sanction under Section 197 CrPC was erroneous as the accused, an advocate, was not acting in discharge of official duty when allegedly forging documents.

22 Feb 2018

The case arises from a complaint filed by Pawankumar Sarraiya (later prosecuted by his widow Sudha Sarraiya) alleging forgery of a will by the accused...

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