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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Revision u/s 263 - Recognition of Income - the CIT turned ...


CIT's Decision to Ignore Income Recognition Method Invalid u/s 263; Method Must Be Consistently Applied.

November 26, 2013

Case Laws     Income Tax     AT

Revision u/s 263 - Recognition of Income - the CIT turned Nelson's Eye to the method adopted in respect of the other project as the same is inconvenient to him - This approach of the CIT is not valid. - AT

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