Revisional Proceeding u/s 263 of Income Tax Act cannot be initiated in the event of ‘Absence of Inquiry or Verification’: ITAT [Read Order]

By Ipsita Das - On October 25, 2023 2:30 pm - 2 mins read

Revisional Proceeding - Income Tax Act - Absence of Inquiry - Verification - ITAT - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that it is difficult to hold that the action of the AO is unintelligible as the revisionary proceeding was intiated in the event of ‘absence of inquiries or verifications which should have been made’, thus set aside the order under Section 263 of Income tax…

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