Wednesday, 5 November 2014

No revision by CIT on issue relating to apportionment of exp. if AO had duly examined such claim

IT: Where Assessing Officer had specifically examined issue relating to apportionment of common expenditure and was fully satisfied with apportionment made, Commissioner could not have invoked provision under section 263 merely on assumption that order passed by Assessing Officer could possibly have been erroneous


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