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Income Tax - Highlights / Catch Notes

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Revision u/s 263 by CIT - having invoking the powers u/s.263 of ...


CIT's Section 263 invocation leads to new issues, original concerns deemed unsustainable and dismissed.

June 22, 2022

Case Laws     Income Tax     AT

Revision u/s 263 by CIT - having invoking the powers u/s.263 of the Act, no addition on the said issues has been made. The additions have been made on other issues; clearly shows that the issues raised in the proceedings u/s.263 of the Act are unsustainable and liable to be quashed. - AT

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