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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Revision u/s 263 - AO has not applied his mind to the issue of ...


Section 263 Revision Sustained: AO Failed to Investigate Suspicious Share Transactions Thoroughly.

January 29, 2019

Case Laws     Income Tax     AT

Revision u/s 263 - AO has not applied his mind to the issue of share transactions for which the detailed information is available regarding the suspicious nature of the transactions - it is a case of absolute lack of enquiry but not a case of inadequate enquiry by him - revision order sustained.

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