Revision u/s 263 - issue of fresh share in lieu of investment in ...

Case Laws Income Tax

May 30, 2019

Revision u/s 263 - issue of fresh share in lieu of investment in shares - once, the AO has found that a transaction is not in terms of any money after the detailed inquiry and getting the entire records from these 15 companies, then how the CIT had reached to a conclusion that the AO has failed to investigate the genuineness and creditworthiness of source - there was no lack of enquiry or non-application of mind by the AO

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Revision u/s 263 - issue of fresh share in lieu of investment in ...

Case Laws Income Tax

May 30, 2019

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