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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Revisionary powers of Commissioner u/s 263 - Order of the A.O. ...

Income Tax

February 7, 2012

Revisionary powers of Commissioner u/s 263 - Order of the A.O. cannot be regarded as erroneous even if he had failed to carry out necessary verification and required enquiries in respect of the share application money, as no addition has been made on account of the reasons for reopening i.e. investment in FDR, which were recorded before issue of notice u/s 148..... - HC

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