Revision u/s 263 by CIT - Even after giving effect to the order ...

CIT's Section 263 Revision Confirms No Taxable Income Under Normal Provisions; Income Assessed u/s 115JB.

April 13, 2021

Case Laws Income Tax AT

Revision u/s 263 by CIT - Even after giving effect to the order of the ld. PCIT u/s.263 of the Act, there would be no taxable income under normal provisions of the Act and even then, the income would ultimately get determined only u/s.115JB of the Act. Hence, there would be no prejudice that could be caused to the interest of the Revenue in this regard. - AT

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Revision u/s 263 by CIT - Even after giving effect to the order ...

CIT's Section 263 Revision Confirms No Taxable Income Under Normal Provisions; Income Assessed u/s 115JB.

April 13, 2021

Case Laws Income Tax AT

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