Section 263

Section 68, Section 147, Section 148, Section 251, Section 263

Kerala H.C : An assessee did not disclose his income fully, and it led to a reassessment. On a particular plea about the source of income, the assessee pleads in defence that he sold a few bars of gold. He gave the particulars of the putative purchasers, too. A few, though not all, have been examined and found to be untrustworthy. The question is, who has the burden proof on the source of income

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High Court Of Kerala CIT, Thrissur vs. B.P. Sherafudin Section 68, 251, 147, 148, 263 Assessment year 1995-96 Antony Dominic […]

Section 54F, Section 263

Madras H.C : Where as per survey report, two adjacent flats purchased by assessee formed a single residential unit, mere fact that subject flats were purchased by two separate sale deeds and had separate electricity meter connections, would not necessarily lead to conclusion that there were two separate residential units and, thus, assessee’s claim for deduction under section 54F could not be rejected on said basis

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High Court Of Madras Abhijit Bhandari vs. Pr.CIT -5, Chennai Section 54F, 263 Assessment year 2008-09 Rajiv Shakdher, J. Writ

Section 68, Section 147, Section 263

Calcutta H.C : The alleged lack of proper enquiries as to the issue of share capital/ premium in the course of proceedings under section 147 cannot be considered as erroneous and prejudicial to the interest of revenue when reopening was done for the specific purpose unconnected with the issue of share capital/premium

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High Court Of Calcutta Success Tours & Travels (P.) Ltd. vs. ITO, Ward-9(4), Kolkata Section 68, 263, 147 Assessment year

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