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Income Tax

Can a PCIT introduce new issues in a Section 263 order without mentioning them in the Show Cause Notice?

1. Issue The central issue before the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘B’, was whether the Principal Commissioner of Income Tax (PCIT) validly exercised revisionary jurisdiction under Section 263 of...

Team Counselvise - November 17, 2025

Income Tax

Can “Diary Notings” and “Retracted Statements” Alone Sustain an Addition?

In appellate tax practice, the truth is simple: a case is only as strong as the evidence that supports it. In a recent landmark decision, the Income...

Team Counselvise - November 14, 2025

Latest Articles

How to file an RTI application: A step-by-step guide

If that's the question on your mind, you are at the right place. In this article, we will see how to file an RTI...

Priya kejriwal - April 24, 2021

Income Tax

Income Tax Slab Rate for AY 2021-22 (Latest)

Income tax payment for individuals and corporate entities is a mandatory requirement as per the Income Tax Act, 1961 if their annual income is...

Priya kejriwal - April 23, 2021

Startups

Startup India Seed Fund Scheme – Switching up The Startup Game?

What is Startup India? The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation...

Priya kejriwal - April 23, 2021

Income Tax

Revision u/s 263 quashed when Cash deposit was examined in original assessment proceedings

Pramod Kesharichand Shah Vs. The Principal Commissioner of Income Tax Facts of the case The assessee an individual, filed his return of income on 31.10.2007, declaring total...

Tithi Shah - April 21, 2021

Startups

Quick checklist to complete in April itself

On April 1, the Central Board of Direct Taxes (CBDT) notified all the income-tax related (ITR) forms for assessment year 2020-2021. While you have time...

Priya kejriwal - April 21, 2021

Income Tax

Re-Registration of Trusts / Institutions [Notification No. 19/2021 dated 26.03.2021] :

The CBDT (Central Board of Direct Tax) has issued Notification No. 19/2021 dated 26th March, 2021 prescribing the procedure for Registration including re-approval / revalidation of existing...