Revision u/s 263 by CIT - As per PCIT AO fails to examine the ...

PCIT Upholds Revision u/s 263: AO Failed to Examine Share Premium and Cash Deposits During Demonetization.

May 18, 2023

Case Laws Income Tax AT

Revision u/s 263 by CIT - As per PCIT AO fails to examine the issue on increase in share premium in light of provisions of section 56(2)(vii), although, the assessee has made huge cash deposits during demonetization period, the AO has not verified the issue in light of SOP issued by CBDT for verification - Revision proceedings sustained - AT

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Revision u/s 263 by CIT - As per PCIT AO fails to examine the ...

PCIT Upholds Revision u/s 263: AO Failed to Examine Share Premium and Cash Deposits During Demonetization.

May 18, 2023

Case Laws Income Tax AT

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