Twin Prerequisites not followed for Invocation of Revisional Powers u/s 263 of IT Act: ITAT quashes Order

Twin Prerequisites not followed for Invocation of Revisional Powers - IT Act - ITAT quashes Order - ITAT - Order - Taxscan

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that no twin prerequisites for invocation of revisional powers under Section 263 of the Income Tax Act, 1961. M/s. Havells India Limited, the appellant assessee had filed an appeal against the revisional order of the  Principal Commissioner of Income Tax which was held to…

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