REENAZ PROPERTIES P. LTD,EDAPALLY, KOCHI vs. THE PR CIT, KOCHI
In the result, the appeal filed by the assessee is dismissed
ITA 137/COCH/2019[2014-15]Status: DisposedITAT Cochin16 Oct 2019AY 2014-15
Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
For Appellant: Sri.R.KrishnanFor Respondent: Sri.Sudhanshu Shekar Jha
Section 143(3)Section 263Section 43CSection 50C
1. The order of the Principal Commissioner of Income Tax invoking the provision of Section 263 is bad in law.
2. The Assessing Officer has already taken a possible stand in the assessment and therefore, merely because she did not take the alternate possible stand, the order does not become erroneous.
3. The learned Principal Commissioner of Income
Tax ought
