Revision u/s 263 by CIT(A) - The provisions of Section 50C of ...

Section 263 Revision Invalid: Section 50C Inapplicable for Shops as Stock-in-Trade; Income Classified as Business Income.

July 17, 2015

Case Laws Income Tax AT

Revision u/s 263 by CIT(A) - The provisions of Section 50C of the Act are not applicable when the shops are treated as stock-in-trade and income from such transaction was held as a business income - revision is not valid - AT

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Revision u/s 263 by CIT(A) - The provisions of Section 50C of ...

Section 263 Revision Invalid: Section 50C Inapplicable for Shops as Stock-in-Trade; Income Classified as Business Income.

July 17, 2015

Case Laws Income Tax AT

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