AJMER DEVELOPMENT AUTHORITY,AJMER vs. CIT(EXEMPTION)/ ITO (EXEMPTION), JAIPUR / JODHPUR

In the result, the stay application filed by the assessee is dismissed

Bench: Shri Kul Bharatshri Manish Borad

reassessment order. In other words, when the law itself did not require the AO to assess the income on the issues which were not part of the reasons to believe it was a legal impossibility placed upon him and therefore, it was a serious jurisdictional error committed by ld. CIT to invoke section 263 even in respect of those items

NAHAR COLOURS AND COATINHGS PRIVATE LIMITED,UDAIPUR vs. PRINCIPAL COMMISSIONER OFINCOMETAX, UDAIPUR

In the result, appeal of the assessee is allowed