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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Revision u/s 263 - Erroneous or prejudicial of revenue - AO ...

August 24, 2013

Case Laws     Income Tax     AT

Revision u/s 263 - Erroneous or prejudicial of revenue - AO allowed the Exemption u/s. 10(34) - Insurance business - Dividend income - The order passed by the AO allowing exemption u/s. 10(34) of the Act cannot be said to be an order which is erroneous and prejudicial to the interest of the Revenue. - AT

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