https://www.taxtmi.com/highlights?id=58575 Revision u/s 263 by CIT - Whether waiver of loan has been held to be capital receipt - the basis for assuming jurisdiction u/s. 263 of the Act is Note II to Schedule XIIIB of the balance sheet was very much examined by the Assessing Officer while framing assessment order u/s. 143(3) of the Act and, therefore, it cannot be said that there was no application of mind by the Assessing Officer.- AT en-us Wed, 30 Jun 2021 09:25:08 +0530 Wed, 30 Jun 2021 09:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58575 Revision u/s 263 by CIT - Whether waiver of loan has been held to be capital receipt - the basis for assuming jurisdiction u/s. 263 of the Act is Note II to Schedule XIIIB of the balance sheet was very much examined by the Assessing Officer while framing assessment order u/s. 143(3) of the Act and, therefore, it cannot be said that there was no application of mind by the Assessing Officer.- AT Highlights Income Tax Wed, 30 Jun 2021 09:25:08 +0530 https://www.taxtmi.com/highlights?id=58575