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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Revision u/s 263 - estimation of income - when the income ...


Court Upholds AO's Income Estimation u/s 263; No Substantial Legal Questions Found; Investments Explained.

June 5, 2019

Case Laws     Income Tax     HC

Revision u/s 263 - estimation of income - when the income assessed by the AO was far more than the income returned by the assessee and all the investments made by the assessee stood explained - estimation of income adopted by the AO, being one of the recognized methods of determination of income, could not be found fault - not find any perversity in the finding - no substantial questions of law

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