Commissioner Overrules Appeal: Taxpayer's Additional Rs. 20 Lakh Claim Rejected u/s 263, Favoring Revenue Interests.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Revision order u/s. 263 - CIT(A) was not justified in directing additional claim of ₹ 20 lakhs based on the fresh claim by the assessee. The provisions of section 263 of the Act is for the benefit of Revenue and not for assessee.....