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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Revision of Assessment order u/s 263 - An order is not ...


CIT Must Record Specific Reasons for Error in Assessment Order u/s 263 to Deem It Erroneous.

July 19, 2013

Case Laws     Income Tax     HC

Revision of Assessment order u/s 263 - An order is not erroneous, unless the CIT hold and records reasons why it is erroneous - An order will not become erroneous because on remit, the Assessing Officer may decide that the order is erroneous - HC

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