Revision u/s 263 - It is well settled principle of law where A.O. ...

CIT cannot invoke Section 263 if the Assessing Officer has conducted an enquiry and reached a lawful conclusion.

February 23, 2021

Case Laws Income Tax AT

Revision u/s 263 - It is well settled principle of law where A.O. has exercised quasi-judicial power vested in him in accordance with law and arrived at a conclusion and such a conclusion cannot be found to be erroneous simply because Commissioner does not feel satisfied with the conclusion. CIT ought not to have initiated proceedings u/s 263 of the Income Tax Act when already enquiry is made by the Assessing Officer. - AT

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Revision u/s 263 - It is well settled principle of law where A.O. ...

CIT cannot invoke Section 263 if the Assessing Officer has conducted an enquiry and reached a lawful conclusion.

February 23, 2021

Case Laws Income Tax AT

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