Tuesday, September 15, 2020

Order passed following Sec. 263 revision not valid if such revisional proceedings was no more in existence

INCOME TAX: Where section 263 order was no more in existence, order passed by Assessing Authority in accordance with directions issued by Commissioner under section 263 would be infructuous

from www.taxmann.com Latest Case Laws https://ift.tt/3mkwh49

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...