Section 263 of Income Tax Act: Redundancy in Cases of Clerical Errors Argued Before Principal Commissioner of Income Tax.

Revision u/s 263 - Provisions u/s 263 of the Act becomes redundant, if it is not invoked in such type of cases like the present one where the assessee pleads before the Pr. CIT that there were certain inadvertent clerical error of purchase and sale including quantitative details. .....

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