Revision u/s 263 - The assessee has completely failed to ...

Assessing Officer's Error in Accepting Unverified Statement Leads to Revision u/s 263 for Revenue Protection.

December 14, 2019

Case Laws Income Tax AT

Revision u/s 263 - The assessee has completely failed to discharge its onus and the AO clearly erred in accepting the bald statement made by the assessee without conducting any enquiry and certainly the action of the AO is clearly erroneous and prejudicial to the interest of Revenue.

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Revision u/s 263 - The assessee has completely failed to ...

Assessing Officer's Error in Accepting Unverified Statement Leads to Revision u/s 263 for Revenue Protection.

December 14, 2019

Case Laws Income Tax AT

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Revision u/s 263 - assessment order as contrary to the draft assessment order - The remedy against unjust disallowances, on merits, lies in the appellate process and not...

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Revision u/s 263 - Once the valuation report has not been sent by the valuation officer to the assessing officer/assessee, within the period stipulated by the act that...

Revision u/s 263 - PCIT has used only probability and likelihood to find the error in the assessment order which is not permitted, he ought to find out specific error in...

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Revision u/s 263 - benefit of first and second proviso to Section 56(2)(x)(b) - while accepting returned income considered by Assessing Officer has not committed any...

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