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Income Tax - Highlights / Catch Notes

Home Highlights September 2022 Year 2022 This

Revision u/s 263 by CIT - limited scrutiny assessment - Based on ...

Income Tax

September 3, 2022

Revision u/s 263 by CIT - limited scrutiny assessment - Based on the information mentioned in the revisionary order, the learned PCIT should have reprimanded the assessing officer by asking assessee to furnish the information, which were not within the scope of limited scrutiny. Instead of that, PCIT has invoked the provisions of Section 263 on such information. - AT

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