Revision u/s 263 - It is manifest from the record and ...

Income Tax

January 20, 2024

Revision u/s 263 - It is manifest from the record and particularly from the assessment order and order sheet entries that the AO has not taken up this issue of disallowance u/s 40A(3) of the Act and hence, there is a complete lack of inquiry on the part of the AO so far as this issue is concerned. - Thus order of AO is erroneous being contrary to the provisions of section 43B as well as 40A(3) - Revision order sustained - AT

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Revision u/s 263 - It is manifest from the record and ...

Income Tax

January 20, 2024

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