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2016 (11) TMI 1498 - SCH - Income TaxRevision u/s 263 - genuineness of the gift proved - Held that - No reason to entertain this Special Leave Petition which is accordingly dismissed. HC order confirmed 2016 (6) TMI 1004 - BOMBAY HIGH COURt wherein held the satisfaction of the Assessing Officer on the basis of the documents produced is not shown to be erroneous in the absence of making a further enquiry. It is made clear that our above observations should not be inferred to mean that it is open to the Assessing Officer to enquire into the source of source for the purpose of the present facts. This is a case where a view has been taken by the Assessing Officer on enquiry. Even if this view in the opinion of the CIT is not correct it would not permit him to exercise power under Section 263 of the Act - Decided in favour of assessee
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