Calcutta High Court in case of PCIT vs Britannia Industries Ltd

Calcutta High Court in case of PCIT vs Britannia Industries Ltd


The PCIT cannot exercise jurisdiction under section 263 when an invoice from one assessment year is accounted for in another year when there is no revenue implication and no prejudice to revenue because the assessee's tax rate in both assessment years is the same.

 (Calcutta High Court in case of PCIT vs Britannia Industries Ltd)





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