AO's Failure to Verify Assessee's Statement Leads to Revision u/s 263; Assessment Order Deemed Erroneous.

AO's Failure to Verify Assessee's Statement Leads to Revision u/s 263; Assessment Order Deemed Erroneous. https://www.taxtmi.com/highlights?id=24452 Revision u/s 263 - AO has failed to discharge his legal obligation to ascertain truth of statement furnished by the Assessee by means of verification with account books. The Commissioner has rightly held that assessment order is erroneous and prejudicial to the interest of revenue - HC en-us Fri, 28 Aug 2015 10:38:11 +0530 Fri, 28 Aug 2015 10:38:11 +0530 TaxTMI RSS Generator AO's Failure to Verify Assessee's Statement Leads to Revision u/s 263; Assessment Order Deemed Erroneous. https://www.taxtmi.com/highlights?id=24452 Revision u/s 263 - AO has failed to discharge his legal obligation to ascertain truth of statement furnished by the Assessee by means of verification with account books. The Commissioner has rightly held that assessment order is erroneous and prejudicial to the interest of revenue - HC Highlights Income Tax Fri, 28 Aug 2015 10:38:11 +0530 https://www.taxtmi.com/highlights?id=24452