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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Revision u/s 263 - since non application of section 50C would ...


Section 263 Revision: Addressing Non-Application of Section 50C Leading to Income Underassessment and Revenue Loss.

November 9, 2016

Case Laws     Income Tax     AT

Revision u/s 263 - since non application of section 50C would also amount to under assessment of income and tax payable thereon, therefore, it was prejudicial to the interest of revenue. - AT

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