Powers of CIT to revise a ‘Well-Reasoned Assessment Order’

Section 263(1) of the Income-tax Act (the Act) reads as under- (only relevant portions) “The Principal Commissioner or Commissioner may call for and examine the record of any proceeding under this ActSection 263(1) of the Income-tax Act (the Act) reads as under- (only relevant portions) “The Principal Commissioner or Commissioner may call for and examine the record of any proceeding under this Acttaxmann.com Latest ArticlesRead More

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