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Income Tax - Highlights / Catch Notes

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Revision u/s 263 by CIT - we could not made out any evidence of ...

Case Laws     Income Tax

November 23, 2022

Revision u/s 263 by CIT - we could not made out any evidence of the assessee having explained the issue of 'prior period expenses' before the AO. Therefore, assessment order passed by the AO on the issue of 'prior period expenses' is definitely erroneous and prejudicial to the interest of the Revenue - Revision order sustained - AT

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