Revision u/s 263 - treating the surrendered amount of income as ...

Dispute Over Surrendered Income Classification u/s 263: Deemed or Business Income? AO's Interpretation Challenged.

August 23, 2021

Case Laws Income Tax AT

Revision u/s 263 - treating the surrendered amount of income as deemed income u/s 69/69A or from normal business income - No additions made by the AO u/s 115BBE - Admittedly when two views are possible, then the view taken by the assessing officer cannot be said to be wrong as the same was not to the liking of the opinion of the PCIT - AT

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Revision u/s 263 - treating the surrendered amount of income as ...

Dispute Over Surrendered Income Classification u/s 263: Deemed or Business Income? AO's Interpretation Challenged.

August 23, 2021

Case Laws Income Tax AT

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