Friday, 6 November 2015

CIT could make revision when AO failed to follow directions of ITAT to verify docs for sec. 11 relie

IT : Where Assessing Officer failed to discharge his legal obligation under remand order passed by Tribunal to ascertain truth of statement furnished by assessee regarding its claim under section 11 by means of verification with account books, Commissioner rightly invoked section 263 and remanded case to Assessing Officer to pass a fresh order in accordance with said remand order

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