https://www.taxtmi.com/highlights?id=61485 Revision u/s 263 by CIT- underassessment of income - CIT doubted the expense claimed u/s. 57(iii) - Claim of general expenses against interest income - No doubt, assessee has filed some details during the assessment proceedings, but the AO did not raise query to dig the truth. The assessing officer should examine the details filed by the assessee and must reach on right conclusion, which the AO has failed to do so in the assessee's case under consideration. - Revision order sustained - AT en-us Mon, 17 Jan 2022 13:35:29 +0530 Mon, 17 Jan 2022 13:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61485 Revision u/s 263 by CIT- underassessment of income - CIT doubted the expense claimed u/s. 57(iii) - Claim of general expenses against interest income - No doubt, assessee has filed some details during the assessment proceedings, but the AO did not raise query to dig the truth. The assessing officer should examine the details filed by the assessee and must reach on right conclusion, which the AO has failed to do so in the assessee's case under consideration. - Revision order sustained - AT Highlights Income Tax Mon, 17 Jan 2022 13:35:29 +0530 https://www.taxtmi.com/highlights?id=61485