LATITUDE INFRAVENTURES,NAGPUR vs. PCIT,NAGPUR-1, NAGPUR

In the result, appeal filed by the assessee for assessment year 2017–18

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

4. Ground of Appeal No.2 Whether on the facts and circumstances, the learned Pr.CIT erred in assuming jurisdiction under section 263 of the Act on issues which were never the subject-matter of the assessment in a proceeding initiated under section 147 of the Act. 4.1 The assessee submits that; reassessment proceedings were initiated based on specified issues identified