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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

The order passed by the AO u/s 143(3) making addition by ...


Assessing Officer's Order u/s 143(3) Deemed Erroneous; Revision Required u/s 263 for Revenue Protection.

July 29, 2015

Case Laws     Income Tax     AT

The order passed by the AO u/s 143(3) making addition by applying wrongly the peak redit theory without enquiring in to all the relevant aspects was erroneous as well as prejudicial to the interests of the Revenue, calling for revision u/s 263 - AT

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