If two views are possible and AO has adopted one view, CIT cannot presume that "it is prejudicial to the revenue"
MAMATHA DIVAKAR SHETTY vs. INCOME TAX OFFICER
(2021) 63 CCH 0074 HydTrib
Short Overview of the case:
The case pertains to the Re ...
Read More
Posts tagged "power of CIT"
Once it is established that order u/s 263 was made/passed within 2 years, such an order could not be said to be beyond the period of limitation prescribed u/s 263(2).
Once it is established that order u/s 263 was made/passed within 2 years, such an order could not be said to be beyond the period of limitation prescribed u/s 263(2).
Short Overview Relevant last date for the purpose of computing ...
Read More