Revision u/s 263 - in the very first year of changing of ...

Tax Revision u/s 263 Quashed: Initial Reduced Liability from Accounting Change Found Proper Despite Later Increases.

November 21, 2015

Case Laws Income Tax AT

Revision u/s 263 - in the very first year of changing of accounting standard, there was a lesser tax liability on the assessee but in the subsequent four years, the tax liability was much higher when the assessee adopted AS-7 as against AS-9 - Notice u/s 263 quashed - AT

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Revision u/s 263 - in the very first year of changing of ...

Tax Revision u/s 263 Quashed: Initial Reduced Liability from Accounting Change Found Proper Despite Later Increases.

November 21, 2015

Case Laws Income Tax AT

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