AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]
The ITAT Bench recently directed readjudication on finding that the assessing officer misconstrued the directions given by the Principle Commissioner of Income Tax (PCIT) in revisionary order regarding the payments of loans
By Aparna. M - On May 9, 2024 9:59 pm - 2 mins read
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) directed readjudication on finding that the assessing officer misconstrued the directions given by the Principle Commissioner of Income Tax (PCIT) in revisionary order regarding the payments of loans . The Assessee Rajendra Kumar Mishra had filed its return on 22.09.2014 reporting a total income of Rs.17,06,820/.In…
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