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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Revision u/s 263 - the AO has not made any enquiry and accepted ...


PCIT Invokes Section 263: AO's Flawed Assessment Order Revised for Lacking Necessary Inquiries, Protecting Revenue Interests.

April 18, 2023

Case Laws     Income Tax     AT

Revision u/s 263 - the AO has not made any enquiry and accepted the return of income filed by the assessee, as it is, without enquiring about the issue raised by the PCIT. - Whatever return of income filed by the assessee has been accepted by AO, blindly and without conducting any enquiry, hence order passed by the AO is erroneous as well as prejudicial to the interest of Revenue. - AT

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