Scope of powers vested to the CIT(A) u/s 251 are co- terminus ...

Income Tax

December 19, 2023

Scope of powers vested to the CIT(A) u/s 251 are co- terminus and co-extensive with that of AO exercising quasi judicial functions. The CIT(A) is not only an appellate authority but also possess the powers of an adjudicating authority similar to that of an AO. The powers of enquiry thus in a sense, runs concurrently. Proper appreciation of all material placed before him was incumbent in law. The CIT(A) ought to have made suitable enquiries on the proprietary of sale consideration declared in the light of document seized instead of brushing aside the action of the AO in a lopsided manner. - AT

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Scope of powers vested to the CIT(A) u/s 251 are co- terminus ...

Income Tax

December 19, 2023

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