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Income Tax - Highlights / Catch Notes

Home Highlights October 2021 Year 2021 This

Revision u/s 263 by CIT - Assessment was framed by the assessing ...


PCIT's Section 263 revision attempt fails; assessing officer's limited scrutiny found diligent, not erroneous or harmful to revenue.

October 11, 2021

Case Laws     Income Tax     AT

Revision u/s 263 by CIT - Assessment was framed by the assessing officer for a limited scrutiny - Once the AO had scrupulously discharged the duty assigned to him, it cannot be said by PCIT that the order passed by the assessing officer was erroneous and prejudicial to the interests of the revenue. - AT

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