No sec. 263 revision just because AO’s didn’t mention his conclusion in Assessment Order: ITAT

INCOME TAX : Where during scrutiny assessment, assessee had submitted all relevant details regarding loans and advance given by it to a person and explained that said advance was returned back in next year and also furnished copy of ledger account and Assessing Officer after due verification of same passed an assessment order, impugned invocation of revision by Pr. CIT was unjustifiedINCOME TAX : Where during scrutiny assessment, assessee had submitted all relevant details regarding loans and advance given by it to a person and explained that said advance was returned back in next year and also furnished copy of ledger account and Assessing Officer after due verification of same passed an assessment order, impugned invocation of revision by Pr. CIT was unjustifiedwww.taxmann.com Latest Case LawsRead More

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