Topic

Assessing Officer

2 articlesLatest April 2026
Section 263 IT Act | Revisional Jurisdiction Cannot Override AO's Reasoned Assessment Without Fresh Evidence : ITAT Agra
Case Law Analysis
|Income Tax Appellate Tribunal

Section 263 IT Act | Revisional Jurisdiction Cannot Override AO's Reasoned Assessment Without Fresh Evidence : ITAT Agra

ITAT Agra rules that revisional powers under Section 263 cannot be invoked merely to substitute the Assessing Officer's reasoned view unless new evidence proves the assessment erroneous or prejudicial to revenue. The ruling protects assessees from arbitrary reopening of settled assessments based on mere differences of opinion.

Section 254 IT Act | ITAT Lacks Jurisdiction to Direct DRP or TPO; Only AO Can Be Directed : ITAT Bangalore
Case Law Analysis
|Income Tax Appellate Tribunal

Section 254 IT Act | ITAT Lacks Jurisdiction to Direct DRP or TPO; Only AO Can Be Directed : ITAT Bangalore

ITAT Bangalore reaffirms judicial discipline in tax proceedings by holding that under Section 254 of the Income Tax Act, only the Assessing Officer (AO) can be directed to reconsider matters. Directions to the Dispute Resolution Panel (DRP) or Transfer Pricing Officer (TPO) are ultra vires, reinforcing the statutory hierarchy in transfer pricing disputes.

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