Revision u/s 263 - unsecured loans receipts - Given that the AO ...

Income Tax

June 26, 2021

Revision u/s 263 - unsecured loans receipts - Given that the AO basis a mere confirmation so filed by the assessee which in reality is not a confirmation in absence of signature and authentication has accepted the loan transaction is clearly not just a case of lack of enquiry but a case of no enquiry rendering the order so passed as clearly erroneous and prejudicial to the interest of Revenue - AT

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Revision u/s 263 - unsecured loans receipts - Given that the AO ...

Income Tax

June 26, 2021

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