https://www.taxtmi.com/highlights?id=26320 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 en-us Wed, 09 Dec 2015 11:44:25 +0530 Wed, 09 Dec 2015 11:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26320 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 Highlights Income Tax Wed, 09 Dec 2015 11:44:25 +0530 https://www.taxtmi.com/highlights?id=26320