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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Revision u/s 263 - Is the finding of the CIT that unaccounted ...


High Court Supports CIT in Revising Income Tax Case u/s 263; Suspects Money Laundered as Clean Share Capital.

May 20, 2016

Case Laws     Income Tax     HC

Revision u/s 263 - Is the finding of the CIT that unaccounted money was or could have been laundered as clean share capital by creating facade of paper work, routing the money through several bank accounts and getting it the seal of statutory approval by getting the case reopened u/s 147 suo motu perverse? - HC uphold the revision proceedings.

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