Revision u/s 263 - Applicability of provisions of 56(2)(vii)(b) ...

Case Laws Income Tax

September 21, 2023

Revision u/s 263 - Applicability of provisions of 56(2)(vii)(b) - Documentary evidence available in the records which the AO admits to have verified the veracity thereof amply demonstrate that the AO made the requisite enquiry. If that be so, a mere non-discussion or non-mention thereof in the assessment order could not lead to assumption that the AO did not apply his mind or that he had not made inquiry on the issue. - Revision order set aside - AT

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Revision u/s 263 - Applicability of provisions of 56(2)(vii)(b) ...

Case Laws Income Tax

September 21, 2023

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