Tuesday, May 18, 2021

Sec. 263 revision justified if AO allowed huge business loss without conducting through inquiry

INCOME TAX : Revision under section 263 justified if AO allowed business loss of huge amount merely based on vague premise that assessee might have to incur certain expenses relevant to keep company in operation

from www.taxmann.com Latest Case Laws https://ift.tt/3uZ5r5w
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