Revision u/s 263 by CIT - The subject matter of the deduction in ...

Case Laws Income Tax

April 25, 2022

Revision u/s 263 by CIT - The subject matter of the deduction in the reassessment order was the quantum of deduction but not the eligibility of the deduction and even in that case also the deduction pertaining to MBF unit but not other units whereas the revisionary proceedings dealt extensively with the eligibility of the deduction per se maintenance of separate books of accounts change of opinion by the CIT where the Ld. CIT and also the contrary reviews taken by the DRP for the successive assessment years allowing the deduction. The revisionary proceedings cannot go beyond the issue of the reassessment proceedings. - AT

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Revision u/s 263 by CIT - The subject matter of the deduction in ...

Case Laws Income Tax

April 25, 2022

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