Revision u/s 263 - Exclusion of securitization income allowed by ...

Section 263 Revision Overruled: No Error or Revenue Prejudice in AO's Securitization Income Decision Without Revised Return.

March 16, 2019

Case Laws Income Tax HC

Revision u/s 263 - Exclusion of securitization income allowed by AO without revised return based on fact that it was spared over on succeeding years - both the pre-requisite requirements for invoking revisional powers under Section 263 were not satisfied namely, an error and a prejudice caused to the Revenue.

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Revision u/s 263 - Exclusion of securitization income allowed by ...

Section 263 Revision Overruled: No Error or Revenue Prejudice in AO's Securitization Income Decision Without Revised Return.

March 16, 2019

Case Laws Income Tax HC

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