Revision u/s 263 - The principal of the law emanating that when ...

Assessment Order Valid When AO Chooses One of Two Legal Views; CIT Cannot Invoke Section 263 Jurisdiction.

October 19, 2023

Case Laws Income Tax AT

Revision u/s 263 - The principal of the law emanating that when two views are legally possible and AO adopts one view the Assessment Order cannot be said to be erroneous for the CIT to invoke jurisdiction u/s 263. In this case the AO has taken one of the possible Legal View. Hence, the Assessment Order is not erroneous and prejudicial to the interest of the revenue. - AT

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Revision u/s 263 - The principal of the law emanating that when ...

Assessment Order Valid When AO Chooses One of Two Legal Views; CIT Cannot Invoke Section 263 Jurisdiction.

October 19, 2023

Case Laws Income Tax AT

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