Supreme Court of India
Commiss"ioner of Income Tax. Mumbai v. Amitabh Bachchan
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1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the opinion that the present is a fit case for exercise of the suo motu revisional powers of the learned C.LT. under Section 263 of the Act.
Judgment, page 16
From the headnote
Income Tax Act, 1961 - s. 263 - Revision !f" order prejudicial to Revenue - Suo motu revisional powers of Commissioner of Income Tax uls. 263 - Exercise of - Held: For exeri.:ise a/jurisdiction u/s. 263, order passed by the Authority should be erroneous and prejudicial to the interest of the Revenue - Thereafter, the said power is available su~ject to observance of the principles of natural justice - Power of revision u/s. 263 is not co11tinge11t 011 the gh>ing of a notice to show cause - Requirement u/s.263 is an opportunity of hearing to the assessee and failure of the same renders the…
Where later benches applied it
Of those, 1 mentioned
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