TMI BlogRevision u/s 263 - Issue of shares at premium - It is abundantly clear that an enquiry was, indeed, made...Revision u/s 263 - Issue of shares at premium - It is abundantly clear that an enquiry was, indeed, made by the AO with regard to the subject shares being issued at high premium. This was not a case of no enquiry. The PCIT, in our opinion, had committed an error in exercising the powers under Section 263 of the Act. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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