Revision u/s 263 - Addition u/s 68 - in the light of the ...

Case Laws Income Tax

April 7, 2021

Revision u/s 263 - Addition u/s 68 - in the light of the judicial precedents and in the light of fact that AO has conducted enquiries in respect of share capital collected by the assessee company before accepting the share subscribers identity, creditworthiness and genuineness of the transaction and being satisfied did not find it necessary to make any addition u/s. 68 of the Act, which action could not have been interfered by the Ld. PCIT u/s. 263 of the Act since the jurisdictional condition precedent for invoking the same is not satisfied in the facts of this case - AT

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Revision u/s 263 - Addition u/s 68 - in the light of the ...

Case Laws Income Tax

April 7, 2021

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