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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