https://www.taxtmi.com/highlights?id=68251 Revision u/s 263 - block assessment - As per CIT AO failed to include the reserves and surplus for quantification of deemed dividend income - AO has taken a plausible view and there are several decisions of the Hon’ble Supreme Court wherein it has been held that if two views are plausible and the assessing officer takes one of the two views and assigns reasons, such order cannot be construed to be erroneous nor prejudicial to the interest of the revenue - HC en-us Mon, 13 Feb 2023 20:04:37 +0530 Mon, 13 Feb 2023 20:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68251 Revision u/s 263 - block assessment - As per CIT AO failed to include the reserves and surplus for quantification of deemed dividend income - AO has taken a plausible view and there are several decisions of the Hon’ble Supreme Court wherein it has been held that if two views are plausible and the assessing officer takes one of the two views and assigns reasons, such order cannot be construed to be erroneous nor prejudicial to the interest of the revenue - HC Highlights Income Tax Mon, 13 Feb 2023 20:04:37 +0530 https://www.taxtmi.com/highlights?id=68251