Section 50A

Authorities that bear on section 50A. Each one tells you what it decided and what to do if it applies to you.

Section 50A — the law in short

What the courts have decided on section 50A, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.

CIT v Paville Projects Pvt Ltd Supreme CourtHelps departmentValidity unconfirmed
The Assessing Officer allowed a deduction. Does the fact that a view was taken protect the assessment from section 263?

Only if the view taken is one of two views genuinely open on the law. Where the Supreme Court is satisfied the assessment is both erroneous and prejudicial, the Commissioner's revision stands and the Tribunal and High Court orders setting it aside go.

Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.

Section 50A — 1 entry

CIT v Paville Projects Pvt Ltd

The Assessing Officer allowed a deduction. Does the fact that a view was taken protect the assessment from section 263?

Supreme CourtHelps departmentValidity unconfirmeds.263s.55s.50A

Explained in this library

What section 50a does, in plain English, before you read what the courts made of it.

Terminal depreciation and the balancing charge: the provisions that survived the block of assets

My asset was sold, discarded or demolished. Is there a separate write-off or a separate charge, or does the block of assets absorb it?

Section 50A

Section 50A — the law in short

Section 50A — 1 entry

CIT v Paville Projects Pvt Ltd

Explained in this library

Terminal depreciation and the balancing charge: the provisions that survived the block of assets