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Simple Disagreement With Plausible Views Of AO Is No Basis For CIT To Assume Jurisdiction U/s 263: Kolkata ITAT

While quashing the invalid exercise of jurisdiction by PCIT u/s 263 of the Income Tax Act, without satisfying the conditions precedent for such section, the Kolkata ITAT held that the PCIT cannot. ....

Somnath Ghosh , Malabar Industrial Co , Supreme Court , Sanjay Garg , Judicial Member , Rajesh Kumar , Accountant Member , Malabar Industrial ,