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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Revision u/s 263 - lack of inquiry - If AO fail to verify ...

Case Laws     Income Tax

March 1, 2019

Revision u/s 263 - lack of inquiry - If AO fail to verify statutory Form and examine of eligibility of deduction u/s 10AAA and allow deduction then such order clearly erroneous and prejudicial to the interest of the Revenue.

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  15. Distinction between "lack of inquiry and inadequate inquiry" emphasized. Assessee underwent rigorous assessment proceedings with multiple notices and replies. AO...

 

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