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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Revision u/s 263 - addition u/s. 68 - This is not a case of ...

Income Tax

May 3, 2021

Revision u/s 263 - addition u/s. 68 - This is not a case of non-enquiry or non-application of mind. The Assessing Officer has examined all the evidences and taken a possible view. Just because the total income determined by the Assessing Officer in the second round of assessment proceedings, is less than the income determined in the first assessment proceedings, the order does not become erroneous. - AT

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