Revision u/s 263 - The AO merely accepted whatever reply was ...

Income Tax

June 24, 2023

Revision u/s 263 - The AO merely accepted whatever reply was filed by the assessee, which as noted above by us did not even justify the increase in commission expenses but contrarily revealed infirmities which should have prompted further inquiry by the AO. - The finding of the ld.Pr.CIT are correct that the assessment order was erroneous - Revision order sustained - AT

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Revision u/s 263 - The AO merely accepted whatever reply was ...

Income Tax

June 24, 2023

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