Revision u/s 263 - calculation of capital gains - error in ...
Section 263 Revision: Error in Capital Gains Calculation Due to Incorrect Cost of Acquisition Allowed by Assessing Officer.
September 22, 2023
Case Laws Income Tax AT
Revision u/s 263 - calculation of capital gains - error in computing Cost of Acquisition - Assessee has made a claim which is prima facia erroneous. AO has allowed the said erroneous claim. Hence, the Assessment Order is erroneous and prejudicial to the interest of revenue. - AT
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