Facts of the
Case
The assessee, a registered charitable trust, filed
its return of income declaring nil income after claiming exemption under
Sections 11 and 12 of the Income-tax Act, 1961. The assessment was completed
under Section 143(3) accepting the returned income.
Subsequently, the Commissioner of Income-tax
(Exemption) invoked revisional jurisdiction under Section 263, holding that the
assessment order was erroneous and prejudicial to the interests of the Revenue,
particularly in relation to examination of donations and application of income.
The Commissioner set aside the assessment and directed the Assessing Officer to
frame a fresh assessment.
Issues Involved
- Whether the Commissioner validly exercised revisionary powers under
Section 263.
- Whether the assessment order was both erroneous and prejudicial to
the interests of Revenue.
- Whether adequate opportunity of hearing was granted before passing
the revision order.
Petitioner’s Arguments (Assessee)
- The assessment was completed after due inquiry by the Assessing
Officer.
- The Commissioner initiated revision proceedings without proper
examination of records.
- Adequate opportunity of hearing was not granted before passing the
order.
- The order did not establish how the assessment was erroneous and
prejudicial to Revenue.
Respondent’s Arguments (Revenue)
- The assessment order suffered from lack of proper inquiry regarding
donations and application of income.
- The Commissioner had jurisdiction to revise such orders to protect
Revenue interests.
- Direction for fresh assessment was justified.
Court Order / Findings (ITAT Allahabad)
- For invoking Section 263, the Commissioner must demonstrate that
the assessment order is both erroneous and prejudicial to the interests of
the Revenue.
- Adequate opportunity of hearing is a mandatory procedural
requirement.
- In the present case, the revision order was passed without properly
addressing the assessee’s submissions.
Important
Clarification
- Section 263 powers are supervisory and not meant for routine
review.
- Both conditions — erroneous order and prejudice to Revenue — must
coexist.
- Adequate opportunity of hearing is mandatory.
- Orders passed in violation of natural justice are unsustainable.
- Charitable trusts are entitled to the same procedural protections as other taxpayers.
Link to
download the order –
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