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    August 13, 2025 News Indian Laws
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    Income Tax

    Revision u/s 263 by CIT - CIT observed that, unexplained cash...

    CIT Revises Assessment: AO Failed to Address Unexplained Cash Credits & Depreciation Claims u/s 263 for Accurate Tax Reporting.

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    Income TaxJuly 13, 2023Case LawsAT

    Revision u/s 263 by CIT - CIT observed that, unexplained cash credit u/s. 68 and additional depreciation claimed on railway siding not considered by AO which leads to under reporting of income - A.O while framing the assessment had not called for any confirmation letter for the outstanding liabilities under consideration. - Revision order sustained - AT

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    ActsIncome Tax
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