Revision u/s 263 - Since the return filed by the assessee was ...

Income Tax

September 11, 2023

Revision u/s 263 - Since the return filed by the assessee was selected for limited scrutiny, inter-alia, regarding deduction against income from other sources, the AO was required to examine not only the details and proof of payment of such expenditure but also its nexus with the interest income chargeable under the head “income from other sources” as per section 57. - AO failed to examine this aspect - Revision order sustained - AT

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Revision u/s 263 - Since the return filed by the assessee was ...

Income Tax

September 11, 2023

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