CIT u/s 263 has simply directed the AO, without satisfying ...

Income Tax

August 26, 2016

CIT u/s 263 has simply directed the AO, without satisfying himself, to verify whether the bifurcation made by assessee was with a view to reduce tax or not. No infirmity for offering the tax on sale of brands as LTCG. There is no merit in CIT’s observation for treating the same as business income. - AT

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CIT u/s 263 has simply directed the AO, without satisfying ...

Income Tax

August 26, 2016

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