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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - an order prejudicial and erroneous to the ...

Income Tax

October 27, 2016

Revision u/s 263 - an order prejudicial and erroneous to the revenue - though the order passed by the A.O. is prejudicial to the interest of the revenue but it is not erroneous, therefore, the CIT cannot assume jurisdiction to revise the assessment order passed by the A.O. u/s 143(3) - AT

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