Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Revision u/s.263 - In absence of information at the time of completion of the assessment the AO could not have asked the assessee to explain the cash transactions - on the basis of a subsequent letter addressed to the AO, CIT could not have assumed jurisdiction u/s. 263 on this issue holding that the order of the AO is erroneous and prejudicial to the interest of the revenue - AT
Revision u/s.263 - In absence of information at the time of completion of the assessment the AO could not have asked the assessee to explain the cash transactions - on the basis of a subsequent letter addressed to the AO, CIT could not have assumed jurisdiction u/s. 263 on this issue holding that the order of the AO is erroneous and prejudicial to the interest of the revenue - AT
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