Revision u/s 263 - receipt of on-money - incriminating material ...

PCIT's Order u/s 263 Deemed Invalid Due to Lack of Independent Inquiry on On-Money Receipt Case.

August 20, 2021

Case Laws Income Tax AT

Revision u/s 263 - receipt of on-money - incriminating material found in search or not? - PCIT should himself have conducted the enquiry or causing to make such enquiries have passed the order under Section 263. In the present case, despite the material available on record, no further enquiry were made by the PCIT and had simply relied upon the finding recorded by the CIT Appeal in the hands of co-owners. - the order passed by the PCIT under Section 263 was without any jurisdiction - AT

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Revision u/s 263 - receipt of on-money - incriminating material ...

PCIT's Order u/s 263 Deemed Invalid Due to Lack of Independent Inquiry on On-Money Receipt Case.

August 20, 2021

Case Laws Income Tax AT

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