Revision u/s 263 - CIT was not able to make up his mind and he ...

High Court Rules CIT Cannot Invoke Section 263; Case Remanded for Assessing Authority to Determine Income Nature.

April 8, 2015

Case Laws Income Tax HC

Revision u/s 263 - CIT was not able to make up his mind and he has remanded the matter back to the Assessing Authority to find out whether it constitutes capital gain or business income. Thus Commissioner had no justification to invoke Section 263 - HC

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Revision u/s 263 - CIT was not able to make up his mind and he ...

High Court Rules CIT Cannot Invoke Section 263; Case Remanded for Assessing Authority to Determine Income Nature.

April 8, 2015

Case Laws Income Tax HC

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