Revision u/s 263 - AO recorded in order that assessee had “duly ...

Case Laws Income Tax

April 18, 2019

Revision u/s 263 - AO recorded in order that assessee had “duly furnished the details of opening stock, closing stock, sales and production i.e. consumption of paddy etc.” this was a case of ‘no inquiry’ - CIT has not undertaken any independent inquiry to contradict the conclusions reached by the AO and to demonstrate that the order of the AO was erroneous and prejudicial to the interest of the revenue - revision not sustainable

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Revision u/s 263 - AO recorded in order that assessee had “duly ...

Case Laws Income Tax

April 18, 2019

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