https://www.taxtmi.com/highlights?id=68702 Revision u/s 263 - As per CIT AO has not called for any details to ascertain the amount and nature of total remittances received by the assessee during the year - various inconsistencies in the approach of learned CIT gives an impression that he himself was not sure about the nature and character of shipping income earned by the assessee. - CIT was not justified in assuming jurisdiction u/s 263 - AT en-us Mon, 13 Mar 2023 11:06:03 +0530 Mon, 13 Mar 2023 11:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68702 Revision u/s 263 - As per CIT AO has not called for any details to ascertain the amount and nature of total remittances received by the assessee during the year - various inconsistencies in the approach of learned CIT gives an impression that he himself was not sure about the nature and character of shipping income earned by the assessee. - CIT was not justified in assuming jurisdiction u/s 263 - AT Highlights Income Tax Mon, 13 Mar 2023 11:06:03 +0530 https://www.taxtmi.com/highlights?id=68702