Revision u/s 263 by CIT - if the AO has adopted one of the two ...

CIT Section 263 Revision: AO's Choice of Legal Course Not Erroneous Unless Unsustainable in Law.

March 1, 2023

Case Laws Income Tax AT

Revision u/s 263 by CIT - if the AO has adopted one of the two or more courses permissible in law and it has resulted in loss of revenue, or where two views are possible and AO has taken one view with which the Pr. CIT does not agree, it cannot be treated as an erroneous order and it is prejudicial to the interest of the Revenue, unless the view taken by the AO is totally unsustainable in law. - AT

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Revision u/s 263 by CIT - if the AO has adopted one of the two ...

CIT Section 263 Revision: AO's Choice of Legal Course Not Erroneous Unless Unsustainable in Law.

March 1, 2023

Case Laws Income Tax AT

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