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Income Tax - Highlights / Catch Notes

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Revision u/s 263 by CIT - capital gain computation - book profit ...


CIT Revises Capital Gains and Book Profits Computation; Not All AO Orders Prejudicial to Revenue u/s 263.

September 7, 2022

Case Laws     Income Tax     AT

Revision u/s 263 by CIT - capital gain computation - book profit computation u/s. 115JB - Every loss of Revenue as a consequence of an order by the AO cannot be treated as prejudicial to the interest of the Revenue. - AT

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