Revision u/s 263 on Insurance business - in the original ...

Income Tax

October 17, 2023

Revision u/s 263 on Insurance business - in the original assessment the Assessing Officer has clearly segregated the Shareholders Account and Policyholders Account and made the disallowances treating income from Shareholders Account as not part of income from life insurance business of the assessee. CIT holding the order of re-assessment as erroneous for the reason that the disallowances made by the Assessing Officer has not been considered is not well-founded and is debatable. - Revision order quashed - AT

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Revision u/s 263 on Insurance business - in the original ...

Income Tax

October 17, 2023

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