Revision u/s 263 - Having found that the assessee was owner of ...

Income Tax

April 6, 2023

Revision u/s 263 - Having found that the assessee was owner of at least 2 residential houses, we are in agreement with the twin-issues raised by Ld. PCIT i.e. (i) the exemption u/s 54F has been wrongly allowed to assessee; (ii) by not declaring notional income from properties under “Income from house property” head, there was underassessment of taxable income. - AT

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Revision u/s 263 - Having found that the assessee was owner of ...

Income Tax

April 6, 2023

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