Revision u/s 263 - CIT observed that huge sales promotion ...

CIT Questions Large Sales Promotion Expenses; Section 263 Revision Order Upheld Due to Insufficient Verification.

November 22, 2019

Case Laws Income Tax AT

Revision u/s 263 - CIT observed that huge sales promotion expenses has not been looked into deeply. Although a 5% disallowances has been made, but no meaningful verification has been made so as to enquire its genuineness and reason for huge increase in the present year - Revision order sustained.

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Revision u/s 263 - CIT observed that huge sales promotion ...

CIT Questions Large Sales Promotion Expenses; Section 263 Revision Order Upheld Due to Insufficient Verification.

November 22, 2019

Case Laws Income Tax AT

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