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
AO Misconstrued Directions - PCIT - Revisionary Order - Payment of Loans-ITAT - re adjudication - TAXSCAN

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…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader