Citing lack of enquiry on the side of PCIT, the Delhi High Court quashes revision of assessment
The Delhi High Court quashed the revision of assessment on failure to enquire about unexplained cash deposit found credited in bank account. The moot question which arises for consideration is whether the Principal Commissioner of Income Tax (PCIT), in passing the order under Section 263 of the Income Tax Act, 1961 had correctly exercised his…
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