Revision u/s 263 - When the AO adopted one of the courses ...

Section 263 of Income Tax Act: AO's Choice Not Erroneous if Legally Permissible, Even if CIT Disagrees.

April 5, 2023

Case Laws Income Tax AT

Revision u/s 263 - When the AO adopted one of the courses permissible in law and it has resulted in loss to the revenue, or where two views are possible and the AO has taken one view with which the CIT does not agree, it cannot be treated as an erroneous order prejudicial to the interest of the revenue “unless the view taken by the Assessing Officer is unsustainable in law”. - AT

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Revision u/s 263 - When the AO adopted one of the courses ...

Section 263 of Income Tax Act: AO's Choice Not Erroneous if Legally Permissible, Even if CIT Disagrees.

April 5, 2023

Case Laws Income Tax AT

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