Revision u/s 263 - turnover mismatch - assessee explained that ...

PCIT's directive to AO u/s 263 on turnover mismatch deemed unsustainable due to lack of specified errors.

August 30, 2019

Case Laws Income Tax AT

Revision u/s 263 - turnover mismatch - assessee explained that If, you add back sales turnover and interest income, then there would be no difference in turnover reported in its audit report - this fact has been accepted by the PCIT, but direction to the AO to verify without pointing out, how the order passed by the AO is erroneous, in so far as, it is prejudicial to the interest of the revenue is not sustainable

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Revision u/s 263 - turnover mismatch - assessee explained that ...

PCIT's directive to AO u/s 263 on turnover mismatch deemed unsustainable due to lack of specified errors.

August 30, 2019

Case Laws Income Tax AT

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