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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Revision u/s 263 - all the requisite details were furnished by ...


Appeal Overturns Order: Sufficient Inquiry Conducted by Assessing Officer on Receipt's Nature and Taxability.

April 21, 2020

Case Laws     Income Tax     AT

Revision u/s 263 - all the requisite details were furnished by the appellant which enabled the AO to make enquiries into the nature and character of receipt and its taxability. No substance in the impugned order wherein it has been held that AO’s order suffered infirmity on account of lack of enquiry. - AT

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