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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Revision of orders prejudicial to revenue - There was a failure ...


Assessing Officer's Order Revised for Failing to Determine if Expenses Were Capital or Revenue, Protecting Revenue Interests.

January 12, 2013

Case Laws     Income Tax     AT

Revision of orders prejudicial to revenue - There was a failure on the part of the AO to make such enquiry in order to ascertain the nature of the expenses whether capital or revenue, thus the order was erroneous and prejudicial to the interest of the Revenue - AT

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