Revision u/s 263 - As per CIT AO has not called for any details ...

CIT's Inconsistent Approach Invalidates Jurisdiction Assumption u/s 263 in Taxpayer's Shipping Income Case.

March 13, 2023

Case Laws Income Tax AT

Revision u/s 263 - As per CIT AO has not called for any details to ascertain the amount and nature of total remittances received by the assessee during the year - various inconsistencies in the approach of learned CIT gives an impression that he himself was not sure about the nature and character of shipping income earned by the assessee. - CIT was not justified in assuming jurisdiction u/s 263 - AT

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Revision u/s 263 - As per CIT AO has not called for any details ...

CIT's Inconsistent Approach Invalidates Jurisdiction Assumption u/s 263 in Taxpayer's Shipping Income Case.

March 13, 2023

Case Laws Income Tax AT

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