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2018 (2) TMI 1589 - AT - Income TaxRevision u/s 263 - order of AO erroneous in so far as prejudicial to the interest of Revenue - Lack of enquiry with regard to issue of allowability of prior period expense by AO - Held that:- It is undisputed fact that no opportunity was afforded to the assessee in the instant case by the ld CIT to address on the aspect of 'lack of enquiry' on the allowability of prior period expenses. We hold that the ld CIT erred in concluding that lack of enquiry with regard to allowability of prior period expenses on the part of the ld AO would automatically make the order of ld AO erroneous and prejudicial to the interest of the revenue in the facts and circumstances of the case in as much as no opportunity of hearing was given to the assessee in that regard. No hesitation in quashing the impugned order passed by the ld Pr.CIT u/s 263 - Decided in favour of assessee.
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