<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>CIT Validly Initiates Revision Proceedings u/s 263 for Underreported Interest Income Discrepancy in Assessee&#039;s Records.</title>
    <link>https://www.taxtmi.com/highlights?id=66668</link>
    <description>Revision u/s 263 by CIT - As against the interest income as per Form 26AS, the assessee has accounted for the same at less in the P&amp;L account and there is under assessment of interest income which the AO failed to enquire. - Revision proceedings are valid - AT</description>
    <language>en-us</language>
    <pubDate>Mon, 21 Nov 2022 09:54:28 +0530</pubDate>
    <lastBuildDate>Mon, 21 Nov 2022 09:54:28 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=696404" rel="self" type="application/rss+xml"/>
    <item>
      <title>CIT Validly Initiates Revision Proceedings u/s 263 for Underreported Interest Income Discrepancy in Assessee&#039;s Records.</title>
      <link>https://www.taxtmi.com/highlights?id=66668</link>
      <description>Revision u/s 263 by CIT - As against the interest income as per Form 26AS, the assessee has accounted for the same at less in the P&amp;L account and there is under assessment of interest income which the AO failed to enquire. - Revision proceedings are valid - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Mon, 21 Nov 2022 09:54:28 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=66668</guid>
    </item>
  </channel>
</rss>