Revision u/s 263 by CIT - CIT observed that, unexplained cash ...

CIT Revises Assessment: AO Failed to Address Unexplained Cash Credits & Depreciation Claims u/s 263 for Accurate Tax Reporting.

July 13, 2023

Case Laws Income Tax AT

Revision u/s 263 by CIT - CIT observed that, unexplained cash credit u/s. 68 and additional depreciation claimed on railway siding not considered by AO which leads to under reporting of income - A.O while framing the assessment had not called for any confirmation letter for the outstanding liabilities under consideration. - Revision order sustained - AT

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Revision u/s 263 by CIT - CIT observed that, unexplained cash ...

CIT Revises Assessment: AO Failed to Address Unexplained Cash Credits & Depreciation Claims u/s 263 for Accurate Tax Reporting.

July 13, 2023

Case Laws Income Tax AT

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