Inadequate Enquiry by AO not grounds for Invoking Revisionary Powers u/s 263 of Income Tax Act: Delhi HC [Read Order]
The Delhi Court ruled that the Income Tax Act of 1961's Section 263 could not be invoked only because the AO's investigation into some claims was inadequate
By Aparna. M - On March 7, 2024 12:42 pm - 2 mins read
In a significant case the Delhi High Court held that inadequacy of enquiry by the AO with the certain claims would not in itself be a reason to invoke the powers enshrined in Section 263 of the Income Tax Act,1961 The respondent Clix Finance India Pvt. Ltd is a Non-Banking Financial Company [ “NBFC” ] engaged 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
