CIT has no power to examine issue on merits while exercising revisional power under sec. 263: SC

INCOME TAX : SLP dismissed against High Court ruling that Commissioner was not justified in revising order and directing Assessing Officer to add decommissioning levy, interest on decommissioning fund, interest on R amp; M fund and interest on R amp; D fund while computing book profit under section 115JB, particularly when in order passed by Commissioner,INCOME TAX : SLP dismissed against High Court ruling that Commissioner was not justified in revising order and directing Assessing Officer to add decommissioning levy, interest on decommissioning fund, interest on R amp; M fund and interest on R amp; D fund while computing book profit under section 115JB, particularly when in order passed by Commissioner,www.taxmann.com Latest Case LawsRead More

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