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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Revision u/s 263 - AO has failed to discharge his legal ...


AO's Failure to Verify Assessee's Statement Leads to Revision u/s 263; Assessment Order Deemed Erroneous.

August 28, 2015

Case Laws     Income Tax     HC

Revision u/s 263 - AO has failed to discharge his legal obligation to ascertain truth of statement furnished by the Assessee by means of verification with account books. The Commissioner has rightly held that assessment order is erroneous and prejudicial to the interest of revenue - HC

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