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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Revision u/s 263 - once the books of account are found to be ...


Section 263 Revision Incorrect: AO Not Required to Examine Expenditure When Books Are Unreliable and Profit Estimated.

June 17, 2015

Case Laws     Income Tax     AT

Revision u/s 263 - once the books of account are found to be unreliable and rejected resulting in estimation of profit, AO is not required to enquire or examine the individual items of expenditures or other issues - revision order is not correct - AT

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