Revision u/s 263 - There was an error in the assessment order ...

Case Laws Income Tax

July 30, 2021

Revision u/s 263 - There was an error in the assessment order passed by the A.O. in not bringing to tax the interest income in the year under consideration under the head "income from other sources". Once, this interest income is brought to tax in A.Y. 2015-16, closing WIP for A.Y. 2015-16 will be increased to that extent and the income of the assessee chargeable to tax for A.Y. 2016-17 will be reduced consequently. - Revision order by CIT confirmed with modification - AT

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Revision u/s 263 - There was an error in the assessment order ...

Case Laws Income Tax

July 30, 2021

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