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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - the defects noticed by the ld. PCIT in ...

Income Tax

March 17, 2023

Revision u/s 263 - the defects noticed by the ld. PCIT in respect of computation of LTCG and advance payment received - No question has been asked on the above aspects and no reply was given by the assessee. Even under section 142(1) of the Act, the Assessing Officer has not issued any questionnaire in respect of LTCG and advance payments received - Revision order sustained - AT

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