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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - Bogus sales - nature of the transactions ...


Section 263 Revision Highlights Bogus Sales; Calls for Thorough Examination of Assessee's Financial Records by A.O.

May 9, 2022

Case Laws     Income Tax     AT

Revision u/s 263 - Bogus sales - nature of the transactions being of accommodation entry taken - A.O. has failed to examine the complete bank statement of the assessee as only partial bank-account statement is available on record - revision order sustained - AT

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