AO's Failure to Properly Enquire Payments u/s 40A(2)(b) Leads to Revision u/s 263 of Income Tax Act.

AO's Failure to Properly Enquire Payments u/s 40A(2)(b) Leads to Revision u/s 263 of Income Tax Act. https://www.taxtmi.com/highlights?id=55174 Revision u/s 263 - assessee has made payment to persons specified u/s 40A(2)(b) - No enquiry has been done by the Ld. AO and if any enquiry has been claimed to have been done the same was acted on the basis of the wrong 3CB-3CD report which vitiates the entire proceeding - AT en-us Thu, 15 Oct 2020 14:37:11 +0530 Thu, 15 Oct 2020 14:37:11 +0530 TaxTMI RSS Generator AO's Failure to Properly Enquire Payments u/s 40A(2)(b) Leads to Revision u/s 263 of Income Tax Act. https://www.taxtmi.com/highlights?id=55174 Revision u/s 263 - assessee has made payment to persons specified u/s 40A(2)(b) - No enquiry has been done by the Ld. AO and if any enquiry has been claimed to have been done the same was acted on the basis of the wrong 3CB-3CD report which vitiates the entire proceeding - AT Highlights Income Tax Thu, 15 Oct 2020 14:37:11 +0530 https://www.taxtmi.com/highlights?id=55174