Thursday, August 5, 2021

No second revision u/s 263 if income determined in earlier revision was less than income determined originally: ITAT

INCOME TAX : Where AO in revision order passed under section 263 reduced income of assessee by deleting addition on account of share application and share premium amount received by it on ground that source of fund, identity, genuineness and creditworthiness of share applicants were verified and found in order,

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