Authorgen Technologies Private Limited vs. The PCIT

Parties Involved

Facts Summary

Authorgen Technologies Private Limited, a company engaged in providing an online learning platform, filed its income tax return for the year 2017-18, declaring a loss. The return was revised multiple times, and the case was selected for scrutiny. The Assessing Officer completed the assessment under section 143(3) of the Income Tax Act, 1961, and the Principal Commissioner of Income Tax (PCIT) invoked section 263 for revision. The appellant filed an appeal against the PCIT's order, arguing that the revision order was beyond the period of limitation and not prejudicial to the revenue's interests.…

Legal Issues

• 1. Whether the order passed by the PCIT under section 263 of the Income Tax Act, 1961 is beyond the period of limitation.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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