Revision u/s 263 - whether the AO has made enquiries about cash...
Assessment Order Lacked Proper Inquiry; Section 263 Revision Upheld for Cash Deposits, Capital Gains Bonds, Land Investments.
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Income TaxDecember 31, 2019Case LawsAT
Revision u/s 263 - whether the AO has made enquiries about cash deposit capital gains bonds and land investment? - The perusal of the assessment order shows that it is very short and does not demonstrate or show that any enquiry were made and taken to logical end - Revision order sustained.