Revision u/s 263 - scrutiny assessment was completed on the...

Revision u/s 263 - scrutiny assessment was completed on the return of income filed - The High Court considered the arguments presented by both parties. It noted that a survey was conducted under Section 133A of the Income Tax Act, 1961, and the petitioner had declared certain amounts under a government scheme. The scrutiny assessment order dated 30.12.2019 was distinct from the impugned order dated 24.03.2022 passed under Section 263. The Court found no merit in the petitioner's contentions and determined that the impugned order was valid. - The Court granted the petitioner liberty to file a statutory appeal before the Appellate Tribunal within 45 days from the date of receipt of the order.

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