https://www.taxtmi.com/highlights?id=68835 Revision u/s 263 - nature and source of income surrendered - Addition invoking Section 115BBE - Where AO after due appreciation of facts and circumstances of the case, assessed the income under the head “business income” and didn’t invoke the deeming provisions as so suggested by the ld PCIT, we do not believe that there is any error on part of the Assessing officer and the order so passed by him cannot be held as erroneous. - AT en-us Tue, 21 Mar 2023 08:15:42 +0530 Tue, 21 Mar 2023 08:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68835 Revision u/s 263 - nature and source of income surrendered - Addition invoking Section 115BBE - Where AO after due appreciation of facts and circumstances of the case, assessed the income under the head “business income” and didn’t invoke the deeming provisions as so suggested by the ld PCIT, we do not believe that there is any error on part of the Assessing officer and the order so passed by him cannot be held as erroneous. - AT Highlights Income Tax Tue, 21 Mar 2023 08:15:42 +0530 https://www.taxtmi.com/highlights?id=68835