The use of word “May” in section 68 should be distinguished from the word “Shall” Supreme court in the case of CIT, Ernakulam vs P.K. Noorjahan has made the following observation: The submission is that the word 'may' in Section 69 should be read ...Read More
Revision order u/s 263 of the Income-tax Act,1961 has to be served within two years?
Revision order u/s 263 of the Income-tax Act,1961 has to be served within two years? Finally, the Supreme Court of India settled one important principle of law in its order dated 7th October,2021 by holding that for the purpose of ...Read More