Revision u/s 263 by CIT - limited scrutiny assessment - The AO ...

CIT upholds revision u/s 263 due to AO's inadequate investigation of cash deposits in limited scrutiny assessment.

October 6, 2022

Case Laws Income Tax AT

Revision u/s 263 by CIT - limited scrutiny assessment - The AO ought to have examined the same to go into the root of these deposits whereas in the instant case, the AO has not questioned the information supplied by the assessee with regard to the source of cash deposits into the safe custody account and has simply accepted those details without further enquiry. - Revision order sustained - AT

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Revision u/s 263 by CIT - limited scrutiny assessment - The AO ...

CIT upholds revision u/s 263 due to AO's inadequate investigation of cash deposits in limited scrutiny assessment.

October 6, 2022

Case Laws Income Tax AT

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