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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Revision u/s 263 - phrase ‘prejudicial to the interest of the ...


Clarifying "Prejudicial to Revenue" in Section 263: Not All Revenue Losses Warrant Revision of AO's Orders.

February 25, 2013

Case Laws     Income Tax     AT

Revision u/s 263 - phrase ‘prejudicial to the interest of the revenue’ - every loss of revenue as a consequence of an order of AO cannot be treated as prejudicial to the interest of revenue - AT

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