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2023 (7) TMI 235 - ITAT CHENNAIRevision u/s 263 by CIT - assessee had received excess amounts in cash in respect of sale of certain plots over and above the officially recorded price - HELD THAT:- From the fact, it emerges that certain additions of on-money have been made in the hands of the assessee on protective basis. However, it was noted by revisionary authority that the figures of on-money, on substantive basis was much higher and a portion of the same was omitted to be considered by AO while framing the assessment order. It is a clear case where error has incurred which is prejudicial to the interest of the revenue. Therefore, no fault could be found in the revision of the order. However, as noted from the impugned order, the addition has to be made on protective basis only. Assessee appeal dismissed.
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