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Validity of revision u/s 263 - addition u/s 56(2)(viib) - ...


Section 263 Revision Validity: Unnecessary Inquiries on Impermissible Addition u/s 56(2)(viib) for Publicly Interested Company.

October 25, 2018

Case Laws     Income Tax     AT

Validity of revision u/s 263 - addition u/s 56(2)(viib) - company in which public it was substantially interested - When the addition itself is not permissible what point will be served by the assessing officer’s enquiries in this regard is beyond comprehension.

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