Revision u/s 263 - CIT observed that, AO had accepted the ...

Section 263 Revision Order Set Aside: Pr.CIT Finds No Error in AO's Assessment Despite Lack of Expense Verification.

March 3, 2021

Case Laws Income Tax AT

Revision u/s 263 - CIT observed that, AO had accepted the assessee's claim without making any verification with respect to the various expenses claimed against the capital gains and against its business income and since the same needed verification, the order passed by the Assessing Officer was, therefore, erroneous - there is no finding by the Ld. Pr.CIT of the assessment order being erroneous - Revision order set aside - AT

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Revision u/s 263 - CIT observed that, AO had accepted the ...

Section 263 Revision Order Set Aside: Pr.CIT Finds No Error in AO's Assessment Despite Lack of Expense Verification.

March 3, 2021

Case Laws Income Tax AT

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