Section 263 Revision Cannot Be Based on “Deeper Inquiry” | ITAT Draws Clear Line between No Inquiry and Inadequate Inquiry In a significant ruling on the scope of revisionary powers under the Income-tax Act, the Tribunal has once again clarified that Section 263 cannot be invoked merely because the Principal Commissioner (PCIT) believes that a…
The post Section 263 Revision Cannot Be Based on “Deeper Inquiry” | ITAT Draws Clear Line between No Inquiry and Inadequate Inquiry appeared first on The Tax Talk.
