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Revision u/s 263 by CIT - unexplained cash credit under section ...


PCIT's Revision u/s 263: No Errors Found in AO's Assessment on Unexplained Cash Credit u/s 68.

October 19, 2021

Case Laws     Income Tax     AT

Revision u/s 263 by CIT - unexplained cash credit under section 68 - AO has verified the information submitted by the assessee based on the directions from co-ordinate Bench of this Tribunal and as such, the learned PCIT has not found anything to prove that assessment order is erroneous or prejudicial to the interest of the Revenue except expressing his doubt on the proceedings. - AT

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