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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Revision u/s 263 - The explanation, as inserted by Finance Act ...


Finance Act 2015: Section 263 applies only if the order is erroneous and harms revenue interests.

January 6, 2020

Case Laws     Income Tax     AT

Revision u/s 263 - The explanation, as inserted by Finance Act 2015 in Section 263, would come into play only if the primary conditions i.e. order being erroneous and prejudicial to interest of revenue, were fulfilled

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