JMJ Ganpatiji Maharaja Hospitality Pvt. Ltd. vs. DCIT-Central Circle-2(2)
Case No: ITA No. 3521 & 3522/MUM/2025
Court: Income Tax Appellate Tribunal, Mumbai Bench
Date: 1/20/2026
Parties Involved
appellantJMJ Ganpatiji Maharaja Hospitality Pvt. Ltd.
respondentDCIT-Central Circle-2(2)
Facts Summary
The case involves appeals by JMJ Ganpatiji Maharaja Hospitality Pvt. Ltd. against orders passed by the Principal Commissioner of Income-tax (PCIT) for assessment years 2012-13 and 2015-16. The PCIT had initiated revision proceedings under section 263 of the Income Tax Act, 1961, deeming the assessment orders erroneous and prejudicial to the interests of the Revenue. The assessee had filed returns declaring losses, which were accepted by the Assessing Officer (AO). However, the PCIT found that th…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the PCIT erred in initiating revision proceedings under section 263 of the Income Tax Act, 1961.
- 2. Whether the AO conducted adequate inquiries as required by law.
Precedents Relied Upon
3 precedents cited in this judgement.