No Sec. 263 revision just on probability and likelihood to find error in assessment order: ITAT

INCOME TAX: When confronted during assessment, assessee informed that a bank account was not reflected in his return and Assessing Officer assessed deposits pertaining to undisclosed business receipts/undisclosed turnover and computed income, revisional jurisdiction was not to be exercisedINCOME TAX: When confronted during assessment, assessee informed that a bank account was not reflected in his return and Assessing Officer assessed deposits pertaining to undisclosed business receipts/undisclosed turnover and computed income, revisional jurisdiction was not to be exercisedwww.taxmann.com Latest Case LawsRead More

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