Revision u/s 263 - Disallowance u/s 14A r.w.r 8D - In case, the ...

Income Tax

October 11, 2023

Revision u/s 263 - Disallowance u/s 14A r.w.r 8D - In case, the ld. 1st Appellate Authority forms an opinion that ld. AO has committed an error by not making complete disallowance on all the limbs of Rule 8D, then, he could have issued a notice for enhancement of income by exercising his appellate power. Therefore, this issue ought to have not been taken up in 263 proceeding. The order of ld. Pr. CIT is not sustainable on the first-fold of reasoning given by him. - AT

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Revision u/s 263 - Disallowance u/s 14A r.w.r 8D - In case, the ...

Income Tax

October 11, 2023

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