Revision u/s 263 - AO neither examined the genuineness of loans, ...

Income Tax

May 24, 2016

Revision u/s 263 - AO neither examined the genuineness of loans, its creditworthiness, in the light of applicability of section 68 of the Act. Taking fresh loan by the assessee was not even contradicted by the assessee - Revision upheld being the order is erroneous and prejudicial to the interest of the Revenue - AT

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Revision u/s 263 - AO neither examined the genuineness of loans, ...

Income Tax

May 24, 2016

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