Power of Revision u/s 263 of Income Tax Act can’t be exercised when there is Proper Enquiry made by AO: ITAT [Read Order]

Power of Revision - Income Tax Act - exercised - there is Proper Enquiry - by AO-ITAT-TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the power of revision under Section 263 of the Income Tax Act, 1961 cannot be exercised when there is proper enquiry made by the Assessing Officer. A survey under Section 133A of the Income Tax Act was carried out at the premises of…

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