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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Revision u/s 263 - AO has adopted one of the courses permissible ...


AO's Decision Causing Revenue Loss Not Erroneous u/s 263; Action Was Legally Permissible.

June 19, 2020

Case Laws     Income Tax     AT

Revision u/s 263 - AO has adopted one of the courses permissible in law and even if it has resulted in loss to the revenue, the said decision of the AO cannot be treated as erroneous and prejudicial to the interest of the revenue

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