Section 263 of the Income Tax Act, 1961:
Prejudicial to the interests of the revenue meaning
CALCUTTA HIGH COURT
Other Citation: [1957] 31 ITR 872 (Cal)
DAWJEE DADABHOY & CO. VERSUS SP. JAIN
Prejudicial to the interests of the revenue meaning
The words "prejudicial to the interests of the revenue", have not been defined, but it must mean that the orders or assessment challenged are such as are not in accordance with law, in consequence whereof the lawful revenue due to the State has not been realised or cannot be realised. It can mean nothing else.
No comments:
Post a Comment