Section 263 Cannot Be Used for “Fishing Enquiries” Once AO Has Verified the Issue: ITAT Quashes Revision Order on Journal Entries & Section 269T The Income Tax Appellate Tribunal (ITAT) has once again drawn a clear boundary on the powers of revision under Section 263 of the Income-tax Act by holding that the Principal…
The post Section 263 Cannot Be Used for “Fishing Enquiries” Once AO Has Verified the Issue: ITAT Quashes Revision Order on Journal Entries & Section 269T appeared first on The Tax Talk.
