https://www.taxtmi.com/highlights?id=52938 Revision u/s 263 - default in allowing LTCL by AO - writing off of advances for machinery and claiming the same as long-term capital loss to be carried forward has nothing to do with "note on allowability of provision written back". - there is enquiry and application of mind by the assessing officer is not all sustainable - Revision order confirmed - AT en-us Mon, 13 Apr 2020 16:05:34 +0530 Mon, 13 Apr 2020 16:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52938 Revision u/s 263 - default in allowing LTCL by AO - writing off of advances for machinery and claiming the same as long-term capital loss to be carried forward has nothing to do with "note on allowability of provision written back". - there is enquiry and application of mind by the assessing officer is not all sustainable - Revision order confirmed - AT Highlights Income Tax Mon, 13 Apr 2020 16:05:34 +0530 https://www.taxtmi.com/highlights?id=52938