Revision u/s 263 - unsecured loan - AO after having received ...

Revision Upheld u/s 263: AO Failed to Verify Loan Authenticity After Incomplete Inquiry Responses.

May 20, 2019

Case Laws Income Tax AT

Revision u/s 263 - unsecured loan - AO after having received relevant documents including confirmation has not taken pains to verify the veracity of loan transactions and the creditworthiness of the parties. AO after issuing notices u/s. 133(6), left the enquiry in between despite only 2 reply received out of 23 - it is case of lack of enquiry and not inadequate enquiry - revision sustained

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Revision u/s 263 - unsecured loan - AO after having received ...

Revision Upheld u/s 263: AO Failed to Verify Loan Authenticity After Incomplete Inquiry Responses.

May 20, 2019

Case Laws Income Tax AT

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