Revision u/s 263 by CIT - we could not made out any evidence of ...

CIT's Revision Upheld: Lack of Evidence on Prior Period Expenses Deemed Harmful to Revenue u/s 263.

November 23, 2022

Case Laws Income Tax AT

Revision u/s 263 by CIT - we could not made out any evidence of the assessee having explained the issue of 'prior period expenses' before the AO. Therefore, assessment order passed by the AO on the issue of 'prior period expenses' is definitely erroneous and prejudicial to the interest of the Revenue - Revision order sustained - AT

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Revision u/s 263 by CIT - we could not made out any evidence of ...

CIT's Revision Upheld: Lack of Evidence on Prior Period Expenses Deemed Harmful to Revenue u/s 263.

November 23, 2022

Case Laws Income Tax AT

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