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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Revision u/s 263 - the acceptance of accounting entries as it is ...


Assessing Officer's Acceptance Without Inquiry Justifies Revision u/s 263; Order Upheld for Revenue Protection.

November 24, 2015

Case Laws     Income Tax     AT

Revision u/s 263 - the acceptance of accounting entries as it is without causing enquiries by the Assessing Officer would render the order of assessment erroneous and prejudicial to the interest of revenue. - revision sustained - AT

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