SANJAY MAJUMDAR,ALLAHABAD vs. PR. CIT, ALLAHABAD
ITA 68/ALLD/2018[2012-13]Status: DisposedITAT Allahabad28 Jan 2021AY 2012-13
Bench: Shri.Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2012-13 Mr. Sanjay Majumdar, V. The Principal Commissioner Type Ii – 112, Devprayagam Of Income Tax, Sangam Vatika – Jhalwa, Aayakar Bhawan, Allahabad 211012 38, M.G. Marg, Civil Lines, Allahabad 211001 Pan: Adopm 2688P (Appellant) (Respondent)
For Appellant: Shri Basudev Banerjee, CAFor Respondent: Shri Debashish Chanda, CIT-DR
Section 147Section 154Section 263
House, (2002) 256 ITR 0603, it has been held that if wrong deduction is claimed, which was not allowable such assessment order is to be treated as erroneous and prejudicial to the interest of the revenue, hence, power u/s 263 can be exercised by CIT. Similarly, in the case of Arvee
International Vs. Addl
