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Income Tax - Highlights / Catch Notes

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Revision u/s 263 by CIT - AO has noted that details of expenses ...

Income Tax

September 1, 2022

Revision u/s 263 by CIT - AO has noted that details of expenses relating to business promotion, lease rent, commission, petrol, travelling etc. were filed by the assessee and which were checked. Therefore, in view of these facts and circumstances, we find that the Assessing Officer had carried out sufficient examination of the expenses relating to site & wages and therefore, passing of order u/s 263 on this account is also not justified. - AT

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