Proceeding u/s 263 can’t be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]

By Sunayana Dhal - On December 13, 2023 9:30 pm - 2 mins read
Proceeding - Income received - Fly Ash - Cenosphere - ITAT - NTPC - Order - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Principal Commissioner of Income Tax (PCIT) while granting relief to NTPC and held that the proceeding under Section 263 of the Income Tax Act, 1961 cannot be initiated on account of income received from the fly ash and cenosphere….

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