Revision u/s 263 - AO has discharged his dual role as an ...

Assessing Officer's decision on unsold flats' ALV upheld; Section 263 revision deemed inappropriate per CBDT Circular.

March 28, 2023

Case Laws Income Tax AT

Revision u/s 263 - AO has discharged his dual role as an investigator as well as adjudicator. As noted he has examined the relevant facts of unsold flats as well as decision not to determine ALV is in line with the CBDT Circular dated 15.02.2018 and therefore his decision cannot be held to be erroneous as well as prejudicial to the revenue. - AT

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Revision u/s 263 - AO has discharged his dual role as an ...

Assessing Officer's decision on unsold flats' ALV upheld; Section 263 revision deemed inappropriate per CBDT Circular.

March 28, 2023

Case Laws Income Tax AT

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