Latur District Central Co.op Bank Ltd. vs. The Income Tax Officer

Parties Involved

Facts Summary

The assessee's appeal for assessment year 2013-2014 arises against the National Faceless Appeal Centre's order dated 05.04.2024, in proceedings under section 143(3) read with section 263 of the Income Tax Act, 1961. The appeal was heard by the Income Tax Appellate Tribunal, Pune. The Tribunal found that the CIT(A)/ NFAC's impugned order was correct in reversing the CIT/ PCIT's revision directions dated 28.03.2018, which had termed the former round of section 143(3) assessment dated 24.11.2015 as erroneous. The Tribunal granted relief to the assessee based on the sublato fundamento cadit opus principle.…

Legal Issues

• 1. Whether the CIT/ PCIT's revision directions dated 28.03.2018 were correctly reversed by the CIT(A)/ NFAC?

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Similar Judgements

• Manju Goyal Vs Pr. CIT (Central)-3, New Delhi-110055

• DCIT, Central Circle-26, Jhandewalan Vs. Sh. Puneet Yadu Dalmia

• Sushila Bhaurao Deshmukh v/s Principal Commissioner of Income Tax, Nagpur

  Nagpur bench

• Kachchh Hospitality Pvt. Ltd. (Formerly known as Sanghi Infrastructure Ltd.) vs. The ITO

  Ahmedabad bench

• The Dy, C.I.T Vs. Asian Hotels [North] Limited

  Delhi ‘F’ Bench benchAY 2016-17Dismissed

• FORUM SALES PVT. LTD., VS. DCIT, CENTRAL CIRCLE-07