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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Revision u/s 263 - tax liability under the normal provision of ...


Principal Commissioner's Order Quashed: Section 263 Revision Deemed Non-Prejudicial to Revenue Interests Under Income Tax Act.

December 22, 2019

Case Laws     Income Tax     AT

Revision u/s 263 - tax liability under the normal provision of the Act and u/s 115JB Minimum Alternate Tax - the order of the AO may be erroneous but it is not prejudicial to the interest of the revenue - the order passed by the ld. PCIT quashed.

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